Patriot Financial Group Insurance Agency LLC Invests $211,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Patriot Financial Group Insurance Agency LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,482 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its position in shares of SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares in the last quarter. Russell Investments Group Ltd. increased its position in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the period. Strategic Investment Solutions Inc. IL lifted its stake in SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $139.02 on Thursday. The firm’s fifty day simple moving average is $140.37 and its 200-day simple moving average is $133.67. SPDR S&P Dividend ETF has a 12 month low of $111.00 and a 12 month high of $144.06. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

About SPDR S&P Dividend ETF

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.