Houlihan Financial Resource Group Ltd. Purchases 21,481 Shares of SPDR S&P Dividend ETF $SDY

Houlihan Financial Resource Group Ltd. grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 120.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,373 shares of the company’s stock after purchasing an additional 21,481 shares during the period. SPDR S&P Dividend ETF comprises about 2.1% of Houlihan Financial Resource Group Ltd.’s holdings, making the stock its 11th largest holding. Houlihan Financial Resource Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $5,641,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF during the third quarter worth about $29,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $34,000. Syntax Research Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $35,000. Finally, Capital Investment Counsel Inc bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $51,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $149.89 on Friday. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a fifty-two week low of $132.89 and a fifty-two week high of $156.39. The firm has a 50 day moving average price of $147.46 and a 200-day moving average price of $146.14.

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.