Meridian Wealth Advisors LLC Acquires 16,824 Shares of SPDR S&P Dividend ETF $SDY

Meridian Wealth Advisors LLC increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 55.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,162 shares of the company’s stock after acquiring an additional 16,824 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $6,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. CVA Family Office LLC raised its holdings in SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF during the third quarter worth about $29,000. Global Wealth Strategies & Associates grew its stake in shares of SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after buying an additional 197 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $43,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.6%

Shares of SPDR S&P Dividend ETF stock opened at $155.93 on Friday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $156.12. The company has a market cap of $22.11 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The company’s 50 day moving average is $147.70 and its 200 day moving average is $142.39.

SPDR S&P Dividend ETF Company 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.