SPDR S&P Dividend ETF $SDY Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 378,417 shares of the company’s stock after buying an additional 3,684 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $53,050,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after buying an additional 14,829 shares during the last quarter. AQR Capital Management LLC raised its position in shares of SPDR S&P Dividend ETF by 49.5% during the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,627 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 15.7% in the 2nd quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,551 shares during the last quarter. GAMMA Investing LLC boosted its position in SPDR S&P Dividend ETF by 14.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock valued at $361,000 after purchasing an additional 334 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in SPDR S&P Dividend ETF by 52.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,942 shares of the company’s stock worth $264,000 after buying an additional 667 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 1.1%

SDY stock traded down $1.61 during mid-day trading on Tuesday, reaching $144.90. The company had a trading volume of 43,210 shares, compared to its average volume of 500,585. The stock’s 50-day simple moving average is $140.54 and its two-hundred day simple moving average is $139.73. The stock has a market capitalization of $20.58 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $146.92.

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.