Y Intercept Hong Kong Ltd Buys 7,979 Shares of SPDR S&P Dividend ETF $SDY

Y Intercept Hong Kong Ltd increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 347.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,277 shares of the company’s stock after purchasing an additional 7,979 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SPDR S&P Dividend ETF were worth $1,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in 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 worth $2,443,000 after purchasing an additional 14,829 shares in the last quarter. AQR Capital Management LLC grew its holdings in 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 valued at $1,077,000 after buying an additional 2,627 shares in the last quarter. First Trust Advisors LP grew its holdings in SPDR S&P Dividend ETF by 30.4% during the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after buying an additional 7,493 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after buying an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of 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 valued at $425,298,000 after buying an additional 119,562 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.8%

Shares of SPDR S&P Dividend ETF stock traded up $1.23 on Friday, reaching $154.36. The stock had a trading volume of 174,951 shares, compared to its average volume of 258,363. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $156.82. The company has a market cap of $21.70 billion, a P/E ratio of 19.85 and a beta of 0.69. The business’s 50 day moving average is $150.48 and its two-hundred day moving average is $148.76.

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.