NewEdge Advisors LLC Grows Position in SPDR S&P Dividend ETF $SDY

NewEdge Advisors LLC raised its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,145 shares of the company’s stock after acquiring an additional 22,199 shares during the quarter. NewEdge Advisors LLC owned 0.06% of SPDR S&P Dividend ETF worth $12,805,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after buying an additional 71 shares in the last quarter. Golden State Wealth Management LLC grew its position in SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after buying an additional 71 shares during the period. Bangor Savings Bank grew its position in SPDR S&P Dividend ETF by 5.6% during the second quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock worth $225,000 after buying an additional 79 shares during the period. Finally, Pittenger & Anderson Inc. increased its holdings in SPDR S&P Dividend ETF by 3.9% in the first quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after buying an additional 80 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Up 0.4%

SDY stock opened at $153.00 on Friday. The firm has a 50 day moving average of $156.07 and a 200-day moving average of $151.72. The company has a market cap of $23.16 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.

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.