Black Diamond Financial LLC Boosts Holdings in SPDR S&P Dividend ETF $SDY

Black Diamond Financial LLC grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 298.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,325 shares of the company’s stock after acquiring an additional 23,472 shares during the quarter. Black Diamond Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $4,387,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SDY. CVA Family Office LLC grew its holdings in SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Insight Inv LLC purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $27,000. Flagship Wealth Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. Compass Financial Services Inc bought a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $29,000. Finally, Global Wealth Strategies & Associates grew its stake in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $152.65 on Thursday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $153.04. The firm has a market capitalization of $21.65 billion, a P/E ratio of 19.85 and a beta of 0.79. The stock has a 50 day moving average price of $142.90 and a 200 day moving average price of $140.51.

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.