Parallel Advisors LLC Acquires 4,277 Shares of SPDR S&P Dividend ETF $SDY

Parallel Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 165.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,864 shares of the company’s stock after buying an additional 4,277 shares during the period. Parallel Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SDY. Godsey & Gibb Inc. lifted its position in shares of SPDR S&P Dividend ETF by 4.0% during the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after purchasing an additional 71 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after purchasing an additional 71 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 3.9% in the first quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after purchasing an additional 80 shares in the last quarter. Finally, Operose Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 8.1% in the fourth quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock valued at $150,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $157.83 on Friday. The company has a 50 day moving average price of $153.25 and a 200 day moving average price of $150.68. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The stock has a market capitalization of $23.90 billion, a PE ratio of 19.85 and a beta of 0.69.

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.