Confluence Investment Management LLC Purchases 63,585 Shares of SPDR S&P Dividend ETF $SDY

Confluence Investment Management LLC increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 92.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 132,295 shares of the company’s stock after purchasing an additional 63,585 shares during the period. Confluence Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $20,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park National Corp OH purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $28,000. Ankerstar Wealth LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $34,000. MBM Wealth Consultants LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at about $34,000. Finally, Syntax Research Inc. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $35,000. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.5%

SPDR S&P Dividend ETF stock opened at $155.75 on Tuesday. The firm has a 50-day moving average of $152.66 and a 200-day moving average of $150.40. The firm has a market cap of $21.83 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29.

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.