Fifth Third Bancorp Purchases 108,140 Shares of SPDR S&P Dividend ETF $SDY

Fifth Third Bancorp grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,558.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,078 shares of the company’s stock after acquiring an additional 108,140 shares during the period. Fifth Third Bancorp’s holdings in SPDR S&P Dividend ETF were worth $16,794,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SDY. Sovran Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the first quarter. Sovran Advisors LLC now owns 9,194 shares of the company’s stock valued at $1,380,000 after purchasing an additional 195 shares during the last quarter. Sachetta LLC raised its stake in SPDR S&P Dividend ETF by 9.1% in the first quarter. Sachetta LLC now owns 17,740 shares of the company’s stock valued at $2,589,000 after purchasing an additional 1,484 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of SPDR S&P Dividend ETF by 12.7% during the 1st quarter. Simplicity Wealth LLC now owns 11,992 shares of the company’s stock worth $1,750,000 after acquiring an additional 1,353 shares in the last quarter. Costello Asset Management INC acquired a new position in SPDR S&P Dividend ETF during the first quarter valued at approximately $151,000. Finally, SkyOak Wealth LLC raised its holdings in shares of SPDR S&P Dividend ETF by 5.4% during the 1st quarter. SkyOak Wealth LLC now owns 3,308 shares of the company’s stock worth $483,000 after buying an additional 170 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 1.0%

SDY stock opened at $153.04 on Wednesday. The stock has a market capitalization of $21.50 billion, a P/E ratio of 19.85 and a beta of 0.69. The firm has a 50-day moving average price of $150.66 and a 200-day moving average price of $149.02. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $156.82.

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.