460 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Acquired by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 460 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SDY. United Bank boosted its holdings in SPDR S&P Dividend ETF by 3.8% in the first quarter. United Bank now owns 31,716 shares of the company’s stock worth $4,063,000 after acquiring an additional 1,169 shares in the last quarter. Citigroup Inc. boosted its holdings in SPDR S&P Dividend ETF by 15.3% in the first quarter. Citigroup Inc. now owns 27,959 shares of the company’s stock worth $3,582,000 after acquiring an additional 3,702 shares in the last quarter. Blair William & Co. IL boosted its holdings in SPDR S&P Dividend ETF by 3.4% in the first quarter. Blair William & Co. IL now owns 73,269 shares of the company’s stock worth $9,386,000 after acquiring an additional 2,390 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in SPDR S&P Dividend ETF by 2.3% in the first quarter. Baird Financial Group Inc. now owns 178,415 shares of the company’s stock worth $22,857,000 after acquiring an additional 3,996 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in SPDR S&P Dividend ETF by 51.7% in the first quarter. Brown Brothers Harriman & Co. now owns 1,183 shares of the company’s stock worth $152,000 after acquiring an additional 403 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $118.75 on Friday. The business’s 50 day simple moving average is $126.96 and its two-hundred day simple moving average is $124.36. The firm has a market cap of $24.21 billion, a P/E ratio of 14.72 and a beta of 0.86. SPDR S&P Dividend ETF has a 52-week low of $110.55 and a 52-week high of $133.22.

SPDR S&P Dividend ETF Company Profile

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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.