Wedmont Private Capital Has $2.35 Million Stake in SPDR S&P Dividend ETF $SDY

Wedmont Private Capital lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 54.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,220 shares of the company’s stock after buying an additional 5,358 shares during the quarter. Wedmont Private Capital’s holdings in SPDR S&P Dividend ETF were worth $2,349,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in SPDR S&P Dividend ETF by 121.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock worth $2,458,000 after purchasing an additional 9,657 shares in the last quarter. Koenig Investment Advisory LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at about $6,836,000. Churchill Financial Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $1,451,000. J.Safra Asset Management Corp lifted its position in shares of SPDR S&P Dividend ETF by 3.4% in the fourth quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock worth $49,244,000 after buying an additional 11,503 shares during the last quarter. Finally, Houlihan Financial Resource Group Ltd. boosted its stake in shares of SPDR S&P Dividend ETF by 120.1% during the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 39,373 shares of the company’s stock worth $5,641,000 after acquiring an additional 21,481 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $155.89 on Tuesday. The company has a market cap of $23.60 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a 50-day moving average of $156.13 and a 200-day moving average of $151.74. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week 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.