SPDR S&P Dividend ETF $SDY Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,905 shares of the company’s stock after purchasing an additional 1,356 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR S&P Dividend ETF were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF during the second quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF during the second quarter worth about $40,000. Private Wealth Asset Management LLC increased its stake in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in SPDR S&P Dividend ETF during the first quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the first quarter worth about $50,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $137.22 on Monday. The firm has a market capitalization of $19.74 billion, a PE ratio of 19.85 and a beta of 0.79. The business has a 50-day moving average of $139.73 and a two-hundred day moving average of $137.21. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

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.