Valmark Advisers Inc. Has $1.85 Million Stock Position in SPDR S&P Dividend ETF $SDY

Valmark Advisers Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,616 shares of the company’s stock after selling 121 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,848,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. raised its position in SPDR S&P Dividend ETF by 1.5% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after buying an additional 1,491 shares during the last quarter. Novem Group boosted its holdings in SPDR S&P Dividend ETF by 0.3% during the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after acquiring an additional 100 shares during the last quarter. Gunma Bank Ltd. boosted its holdings in SPDR S&P Dividend ETF by 27.3% during the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after acquiring an additional 14,000 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in SPDR S&P Dividend ETF by 16.2% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after acquiring an additional 400 shares during the last quarter. Finally, Destiny Wealth Partners LLC boosted its holdings in SPDR S&P Dividend ETF by 1.4% during the 2nd quarter. Destiny Wealth Partners LLC now owns 69,821 shares of the company’s stock worth $9,477,000 after acquiring an additional 933 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY opened at $140.40 on Thursday. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The firm’s fifty day moving average price is $139.93 and its two-hundred day moving average price is $136.04. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45.

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.