Maloon Powers Pitre Higgins & Dennehy LLC Invests $814,000 in SPDR S&P Dividend ETF $SDY

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,351 shares of the company’s stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also modified their holdings of SDY. Markowski Investments acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at about $28,000. Timbuktu Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF during the second quarter worth approximately $219,000. Shum Financial Group Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 2.6% during the second quarter. Shum Financial Group Inc. now owns 26,884 shares of the company’s stock worth $4,091,000 after acquiring an additional 686 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $201,000. Finally, NWF Advisory Services Inc. grew its position in shares of SPDR S&P Dividend ETF by 3.3% in the second quarter. NWF Advisory Services Inc. now owns 183,880 shares of the company’s stock valued at $27,983,000 after purchasing an additional 5,851 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.6%

SPDR S&P Dividend ETF stock opened at $155.89 on Friday. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $160.29. The stock’s 50 day moving average is $156.07 and its 200-day moving average is $151.75.

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.