Sugar Maple Asset Management LLC Buys 1,500 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sugar Maple Asset Management LLC increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 28,062 shares of the company’s stock after purchasing an additional 1,500 shares during the period. SPDR S&P Dividend ETF accounts for 3.5% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Sugar Maple Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $3,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Accredited Investors Inc. acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth about $696,000. Natixis Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 23.3% in the third quarter. Natixis Advisors LLC now owns 28,194 shares of the company’s stock valued at $4,005,000 after acquiring an additional 5,324 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth approximately $207,000. King Wealth Management Group increased its position in shares of SPDR S&P Dividend ETF by 9.1% during the third quarter. King Wealth Management Group now owns 2,997 shares of the company’s stock worth $426,000 after purchasing an additional 251 shares in the last quarter. Finally, Summit Asset Management LLC acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $210,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $139.67 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $117.25 and a fifty-two week high of $144.06. The stock’s fifty day moving average is $140.68 and its two-hundred day moving average is $134.77. The firm has a market capitalization of $22.10 billion, a P/E 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.