Flaharty Asset Management LLC Purchases 11,375 Shares of SPDR S&P Dividend ETF $SDY

Flaharty Asset Management LLC increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,700 shares of the company’s stock after buying an additional 11,375 shares during the period. SPDR S&P Dividend ETF comprises approximately 3.8% of Flaharty Asset Management LLC’s portfolio, making the stock its 9th largest position. Flaharty Asset Management LLC owned 0.15% of SPDR S&P Dividend ETF worth $29,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mutual Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 2.3% during the third quarter. Mutual Advisors LLC now owns 16,744 shares of the company’s stock valued at $2,336,000 after acquiring an additional 384 shares during the last quarter. Bryn Mawr Trust Advisors LLC grew its stake in shares of SPDR S&P Dividend ETF by 9.2% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 1,691 shares of the company’s stock worth $237,000 after purchasing an additional 143 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in SPDR S&P Dividend ETF by 2.4% in the third quarter. Cornerstone Wealth Management LLC now owns 58,670 shares of the company’s stock valued at $8,217,000 after purchasing an additional 1,371 shares during the period. SYM FINANCIAL Corp bought a new position in SPDR S&P Dividend ETF during the 3rd quarter worth $77,000. Finally, Golden State Wealth Management LLC raised its position in SPDR S&P Dividend ETF by 4.3% during the 3rd quarter. Golden State Wealth Management LLC now owns 8,548 shares of the company’s stock worth $1,197,000 after purchasing an additional 354 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.9%

Shares of SDY stock opened at $148.73 on Friday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $148.73. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The stock has a 50-day moving average of $142.20 and a 200-day moving average of $140.25.

SPDR S&P Dividend ETF Company 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.