Nwam LLC Takes $5.27 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Nwam LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 37,129 shares of the company’s stock, valued at approximately $5,274,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. grew its stake in shares of SPDR S&P Dividend ETF by 7.9% during the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after purchasing an additional 922 shares during the last quarter. LRI Investments LLC bought a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $492,000. Choreo LLC increased its stake in shares of SPDR S&P Dividend ETF by 6.7% in the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after buying an additional 1,276 shares during the period. Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth $199,000. Finally, Forbes Financial Planning Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 1.5% during the second quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock valued at $4,835,000 after acquiring an additional 568 shares during the period.

SPDR S&P Dividend ETF Trading Up 1.2 %

Shares of NYSEARCA:SDY opened at $141.29 on Friday. The stock has a market capitalization of $22.35 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $118.30 and a 1-year high of $144.06. The business has a 50-day moving average price of $140.79 and a two-hundred day moving average price of $135.06.

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.