Investment Partners LTD. Grows Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Investment Partners LTD. lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 22,903 shares of the company’s stock after buying an additional 173 shares during the period. SPDR S&P Dividend ETF comprises about 1.4% of Investment Partners LTD.’s investment portfolio, making the stock its 22nd biggest position. Investment Partners LTD.’s holdings in SPDR S&P Dividend ETF were worth $3,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. J.W. Cole Advisors Inc. boosted its holdings in SPDR S&P Dividend ETF by 85.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock valued at $6,906,000 after acquiring an additional 25,430 shares during the period. Key Financial Inc raised its holdings in SPDR S&P Dividend ETF by 4.5% during the 4th quarter. Key Financial Inc now owns 4,209 shares of the company’s stock valued at $526,000 after buying an additional 180 shares during the last quarter. UBS Group AG grew its holdings in SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after acquiring an additional 67,304 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of SPDR S&P Dividend ETF by 9.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 18,512 shares of the company’s stock valued at $2,313,000 after acquiring an additional 1,669 shares during the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 5.6% during the fourth quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock worth $703,000 after purchasing an additional 298 shares during the period.

SPDR S&P Dividend ETF Price Performance

SDY traded up $0.30 during midday trading on Friday, reaching $127.64. 40,246 shares of the company’s stock traded hands, compared to its average volume of 333,411. The stock has a market capitalization of $20.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $132.49. The firm has a fifty day moving average of $129.13 and a two-hundred day moving average of $126.84.

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.