First Affirmative Financial Network Makes New $11.88 Million Investment in SPDR MSCI USA Gender Diversity ETF $SHE

First Affirmative Financial Network purchased a new stake in SPDR MSCI USA Gender Diversity ETF (NYSEARCA:SHE) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 93,214 shares of the company’s stock, valued at approximately $11,881,000. SPDR MSCI USA Gender Diversity ETF makes up 5.6% of First Affirmative Financial Network’s portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHE. Wealthfront Advisers LLC raised its position in shares of SPDR MSCI USA Gender Diversity ETF by 2.4% during the third quarter. Wealthfront Advisers LLC now owns 6,228 shares of the company’s stock worth $794,000 after purchasing an additional 145 shares during the period. MAI Capital Management lifted its holdings in shares of SPDR MSCI USA Gender Diversity ETF by 42.8% in the 2nd quarter. MAI Capital Management now owns 657 shares of the company’s stock worth $82,000 after purchasing an additional 197 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in SPDR MSCI USA Gender Diversity ETF by 4.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,524 shares of the company’s stock valued at $710,000 after purchasing an additional 241 shares during the period. Clearstead Advisors LLC acquired a new stake in SPDR MSCI USA Gender Diversity ETF in the 3rd quarter valued at $56,000. Finally, Jones Financial Companies Lllp increased its stake in SPDR MSCI USA Gender Diversity ETF by 12.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,108 shares of the company’s stock valued at $647,000 after purchasing an additional 585 shares in the last quarter.

SPDR MSCI USA Gender Diversity ETF Stock Performance

SHE opened at $131.25 on Wednesday. The company’s fifty day moving average price is $134.10 and its two-hundred day moving average price is $130.90. SPDR MSCI USA Gender Diversity ETF has a 1-year low of $98.95 and a 1-year high of $137.09.

SPDR MSCI USA Gender Diversity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.3485 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.39 annualized dividend and a dividend yield of 1.1%.

SPDR MSCI USA Gender Diversity ETF Profile

The SPDR SSGA Gender Diversity Index ETF (SHE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of US large- and mid-sized companies promoting gender diversity whilst exhibiting a relatively high proportion of women throughout all levels of their organizations. SHE was launched on Mar 7, 2016 and is managed by State Street.