Precedent Wealth Partners LLC Buys 11,760 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Precedent Wealth Partners LLC boosted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 76,561 shares of the company’s stock after acquiring an additional 11,760 shares during the quarter. SPDR S&P Dividend ETF accounts for about 2.9% of Precedent Wealth Partners LLC’s portfolio, making the stock its 5th biggest holding. Precedent Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $10,388,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sowell Financial Services LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at $598,000. Traphagen Investment Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $271,000. Hengehold Capital Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 10.3% during the 1st quarter. Hengehold Capital Management LLC now owns 4,478 shares of the company’s stock worth $608,000 after purchasing an additional 419 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the 1st quarter. Brighton Jones LLC now owns 18,647 shares of the company’s stock worth $2,530,000 after purchasing an additional 152 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $289,000.

SPDR S&P Dividend ETF Trading Down 1.2%

Shares of SDY stock opened at $134.80 on Monday. The company’s 50-day moving average price is $132.25 and its 200-day moving average price is $133.84. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month 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.