Insight Inv LLC Purchases New Position in SPDR S&P Dividend ETF $SDY

Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 201 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its stake in SPDR S&P Dividend ETF by 3.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after buying an additional 86,679 shares during the last quarter. Royal Bank of Canada lifted its stake in SPDR S&P Dividend ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after buying an additional 20,594 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in SPDR S&P Dividend ETF by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after buying an additional 8,613 shares during the last quarter. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 0.6% in the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after buying an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC lifted its stake in SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after buying an additional 2,487 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.1%

Shares of NYSEARCA SDY opened at $140.40 on Thursday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a 50 day moving average of $139.93 and a two-hundred day moving average of $136.04. The stock has a market cap of $20.30 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.