Benjamin F. Edwards & Company Inc. Grows Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,294 shares of the company’s stock after buying an additional 360 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDY. Riggs Asset Managment Co. Inc. raised its holdings in SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares during the period. Scarborough Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $33,000. Russell Investments Group Ltd. raised its holdings in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after buying an additional 127 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth $34,000.

SPDR S&P Dividend ETF Stock Down 0.2 %

SDY stock opened at $140.03 on Friday. The business’s fifty day simple moving average is $136.06 and its two-hundred day simple moving average is $131.24. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $142.14. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.