Waldron Private Wealth LLC Invests $1.52 Million in SPDR S&P Dividend ETF $SDY

Waldron Private Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,842 shares of the company’s stock, valued at approximately $1,518,000.

Several other large investors have also made changes to their positions in SDY. First Horizon Corp purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at about $5,486,000. Park Avenue Securities LLC raised its holdings in shares of SPDR S&P Dividend ETF by 15.7% during the second quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock valued at $1,555,000 after acquiring an additional 1,551 shares during the last quarter. Novem Group lifted its position in shares of SPDR S&P Dividend ETF by 0.3% in the second quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after acquiring an additional 100 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $494,000. Finally, Signal Advisors Wealth LLC acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $539,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.5%

SPDR S&P Dividend ETF stock opened at $145.84 on Wednesday. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $146.92. The company has a fifty day simple moving average of $140.67 and a 200-day simple moving average of $139.77.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.