Insight Wealth Strategies LLC Purchases Shares of 2,419 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Insight Wealth Strategies LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,419 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its position in SPDR S&P Dividend ETF by 10,945.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after purchasing an additional 1,124,197 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $94,819,000. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares during the last quarter. Legacy Financial Group LLC increased its position in SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after buying an additional 370,094 shares during the last quarter. Finally, Argent Capital Management LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $15,142,000.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock traded up $0.91 during mid-day trading on Tuesday, hitting $132.31. 459,020 shares of the company’s stock traded hands, compared to its average volume of 324,017. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $136.03. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm has a 50 day simple moving average of $129.67 and a two-hundred day simple moving average of $128.11.

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.