Covington Capital Management Increases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Covington Capital Management raised its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,627 shares of the company’s stock after buying an additional 2,547 shares during the quarter. Covington Capital Management’s holdings in SPDR S&P Dividend ETF were worth $6,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vigilant Capital Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at $32,000. SRS Capital Advisors Inc. bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at $58,000. Archford Capital Strategies LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at $59,000. Armor Investment Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 260.0% during the first quarter. Armor Investment Advisors LLC now owns 630 shares of the company’s stock valued at $63,000 after acquiring an additional 455 shares in the last quarter. Finally, Kavar Capital Partners LLC bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at $70,000.

Shares of NYSEARCA:SDY traded up $0.41 on Wednesday, hitting $102.00. 190,061 shares of the company traded hands, compared to its average volume of 601,843. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $104.25. The stock has a 50 day simple moving average of $99.99 and a 200-day simple moving average of $100.09.



The firm also recently disclosed a — dividend, which will be paid on Wednesday, September 25th. Investors of record on Monday, September 23rd will be issued a $0.6903 dividend. The ex-dividend date is Friday, September 20th. This represents a yield of 2.4%.

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.

See Also: How is a management fee different from a performance fee?

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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