Lion Street Advisors LLC Purchases 7,344 Shares of SPDR S&P Dividend ETF $SDY

Lion Street Advisors LLC grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 165.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,777 shares of the company’s stock after purchasing an additional 7,344 shares during the quarter. Lion Street Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,649,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $5,486,000. Signal Advisors Wealth LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $539,000. Canal Capital Management LLC increased its stake in SPDR S&P Dividend ETF by 106.8% during the 2nd quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock valued at $1,130,000 after purchasing an additional 4,300 shares in the last quarter. Allworth Financial LP raised its holdings in SPDR S&P Dividend ETF by 6.2% during the second quarter. Allworth Financial LP now owns 27,993 shares of the company’s stock worth $3,799,000 after buying an additional 1,629 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 0.5% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 163,402 shares of the company’s stock valued at $22,179,000 after buying an additional 844 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $155.02 on Friday. The company has a 50-day moving average price of $146.30 and a 200-day moving average price of $141.79. The stock has a market capitalization of $21.98 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $156.12.

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.