3,641 Shares in SPDR S&P Dividend ETF $SDY Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,641 shares of the company’s stock, valued at approximately $510,000.

Other hedge funds have also modified their holdings of the company. Insight Inv LLC acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $27,000. Global Wealth Strategies & Associates grew its stake in shares of SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in SPDR S&P Dividend ETF in the second quarter worth approximately $40,000. Private Wealth Asset Management LLC raised its position 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 valued at $40,000 after acquiring an additional 274 shares in the last quarter. Finally, Total Investment Management Inc. bought a new position in SPDR S&P Dividend ETF during the second quarter valued at approximately $43,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Up 0.4%

Shares of SDY opened at $144.43 on Wednesday. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The company’s fifty day moving average is $139.76 and its 200-day moving average is $139.48. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.83.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.