MLP3 LLC Invests $1.55 Million in SPDR S&P Dividend ETF $SDY

MLP3 LLC acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,146 shares of the company’s stock, valued at approximately $1,551,000. SPDR S&P Dividend ETF makes up about 1.7% of MLP3 LLC’s portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDY. Delos Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $29,000. Ankerstar Wealth LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $34,000. Syntax Research Inc. bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $35,000. Finally, Core Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $35,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $152.66 on Monday. The firm has a market cap of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69. The firm’s 50 day moving average price is $148.47 and its 200 day moving average price is $147.08. SPDR S&P Dividend ETF has a twelve month low of $132.89 and a twelve month high of $156.39.

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.