Lido Advisors LLC Buys 8,484 Shares of SPDR S&P Dividend ETF $SDY

Lido Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 19.8% in the first quarter, Holdings Channel reports. The firm owned 51,435 shares of the company’s stock after buying an additional 8,484 shares during the quarter. Lido Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $7,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SDY. Morgan Stanley lifted its stake in SPDR S&P Dividend ETF by 2.0% in the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after buying an additional 95,878 shares during the period. Raymond James Financial Inc. boosted its holdings in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC grew its position in shares of SPDR S&P Dividend ETF by 4.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares during the period. Wells Fargo & Company MN grew its position in shares of SPDR S&P Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after buying an additional 39,572 shares during the period. Finally, UBS Group AG increased its stake in shares of SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after acquiring an additional 165,053 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $155.73 on Friday. The stock has a market cap of $21.86 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a 50-day moving average of $151.72 and a 200-day moving average of $149.76. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $157.66.

About SPDR S&P Dividend ETF

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.