Park Avenue Securities LLC Raises Stake in SPDR S&P Dividend ETF $SDY

Park Avenue Securities LLC increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,207 shares of the company’s stock after acquiring an additional 3,699 shares during the period. Park Avenue Securities LLC’s holdings in SPDR S&P Dividend ETF were worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC boosted its position in shares of 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 increased its position in 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 purchased a new position in SPDR S&P Dividend ETF during the third quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the third quarter valued at $29,000. Finally, Global Wealth Strategies & Associates boosted its holdings in SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

NYSEARCA SDY opened at $144.38 on Tuesday. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $156.39. The stock’s fifty day moving average price is $150.53 and its 200-day moving average price is $143.37. The stock has a market cap of $20.47 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.