Matrix Private Capital Group LLC Acquires New Position in SPDR S&P Dividend ETF $SDY

Matrix Private Capital Group LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the first quarter, HoldingsChannel.com reports. The firm bought 3,311 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Brighton Jones LLC lifted its stake in shares of SPDR S&P Dividend ETF by 404.5% in the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after acquiring an additional 14,829 shares during the period. AQR Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 49.5% during the first 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 during the last quarter. First Trust Advisors LP boosted its stake 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 purchasing an additional 7,493 shares during the last quarter. NewEdge Advisors LLC boosted 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 last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after acquiring an additional 119,562 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $155.73 on Friday. The company has a 50-day simple moving average of $151.72 and a two-hundred day simple moving average of $149.76. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $157.66. The company has a market capitalization of $21.86 billion, a price-to-earnings 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.