Merit Financial Group LLC Buys 1,361 Shares of SPDR S&P Dividend ETF $SDY

Merit Financial Group LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,518 shares of the company’s stock after acquiring an additional 1,361 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $7,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in SPDR S&P Dividend ETF by 350.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock worth $43,000 after buying an additional 245 shares in the last quarter. Crews Bank & Trust grew its position in SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter worth approximately $45,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth approximately $50,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $140.64 on Monday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The company has a fifty day moving average of $139.83 and a 200-day moving average of $135.94. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.