SPDR S&P Dividend ETF $SDY Shares Purchased by Flaharty Asset Management LLC

Flaharty Asset Management LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.6% in the third quarter, HoldingsChannel reports. The firm owned 213,700 shares of the company’s stock after purchasing an additional 11,375 shares during the period. SPDR S&P Dividend ETF makes up about 3.8% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Flaharty Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $29,927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Dividend ETF by 125.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after acquiring an additional 7,179,596 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in SPDR S&P Dividend ETF by 851.4% in the second quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock worth $25,477,000 after purchasing an additional 167,975 shares during the period. PNC Financial Services Group Inc. increased its stake in SPDR S&P Dividend ETF by 35.0% in the second quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock valued at $77,966,000 after purchasing an additional 148,984 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of SPDR S&P Dividend ETF by 70.0% during the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after purchasing an additional 143,853 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $148.73 on Friday. The business has a 50-day simple moving average of $142.20 and a 200 day simple moving average of $140.25. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $148.73. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

About SPDR S&P Dividend ETF

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.