Tradition Wealth Management LLC Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tradition Wealth Management LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, Holdings Channel reports. The firm bought 1,537 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds have also modified their holdings of SDY. International Assets Investment Management LLC lifted its position in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after buying an additional 1,165,660 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR S&P Dividend ETF by 114.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock valued at $46,221,000 after buying an additional 194,290 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of SPDR S&P Dividend ETF by 4,418.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock worth $11,280,000 after purchasing an additional 86,729 shares during the period. Sanctuary Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at $10,044,000. Finally, SMI Advisory Services LLC grew its stake in SPDR S&P Dividend ETF by 221.9% in the second quarter. SMI Advisory Services LLC now owns 69,300 shares of the company’s stock valued at $8,748,000 after purchasing an additional 47,773 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

Shares of SPDR S&P Dividend ETF stock opened at $143.34 on Tuesday. The firm’s 50 day moving average price is $141.17 and its 200-day moving average price is $135.74. The company has a market cap of $22.68 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $120.58 and a 52-week high of $144.45.

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.