Global Assets Advisory LLC Takes Position in SPDR S&P Dividend ETF $SDY

Global Assets Advisory LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,244 shares of the company’s stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. World Investment Advisors increased its holdings in shares of SPDR S&P Dividend ETF by 9.2% in the 4th quarter. World Investment Advisors now owns 80,205 shares of the company’s stock valued at $11,161,000 after purchasing an additional 6,744 shares during the period. Dara Capital US Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $509,000. Coldstream Capital Management Inc. grew its position in SPDR S&P Dividend ETF by 126.6% during the third quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after purchasing an additional 124,864 shares in the last quarter. M&T Bank Corp grew its position in SPDR S&P Dividend ETF by 8.0% during the fourth quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock valued at $13,634,000 after purchasing an additional 7,228 shares in the last quarter. Finally, Ticino Wealth acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $602,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.8%

SDY stock traded up $1.23 during midday trading on Friday, reaching $154.36. The company had a trading volume of 174,951 shares, compared to its average volume of 258,363. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $156.82. The company has a market capitalization of $21.69 billion, a P/E ratio of 19.85 and a beta of 0.69. The company has a 50 day moving average of $150.48 and a two-hundred day moving average of $148.76.

SPDR S&P Dividend ETF Company 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.