Shrier Wealth Management LLC Invests $5.04 Million in SPDR S&P Dividend ETF $SDY

Shrier Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 36,188 shares of the company’s stock, valued at approximately $5,036,000. SPDR S&P Dividend ETF makes up 2.0% of Shrier Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. Benjamin Edwards Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 851.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock worth $25,477,000 after acquiring an additional 167,975 shares in the last quarter. UBS Group AG grew its holdings in shares of SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after purchasing an additional 165,053 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in SPDR S&P Dividend ETF by 70.0% in the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after purchasing an additional 143,853 shares during the last quarter. Coldstream Capital Management Inc. increased its position in SPDR S&P Dividend ETF by 126.6% in the third quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock worth $31,305,000 after purchasing an additional 124,864 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 1.0%

SDY stock opened at $145.94 on Wednesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $156.39. The company has a fifty day simple moving average of $150.43 and a two-hundred day simple moving average of $143.56. The firm has a market capitalization of $20.69 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.