Maloon Powers Pitre Higgins & Dennehy LLC Invests $814,000 in SPDR S&P Dividend ETF $SDY

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,351 shares of the company’s stock, valued at approximately $814,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of 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 during the last quarter. AQR Capital Management LLC lifted its stake in SPDR S&P Dividend ETF by 49.5% in the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,627 shares during the last quarter. First Trust Advisors LP lifted its stake in SPDR S&P Dividend ETF by 30.4% in 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 grew its holdings in 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 worth $8,853,000 after purchasing an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in 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 worth $425,298,000 after purchasing an additional 119,562 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.6%

Shares of NYSEARCA SDY opened at $155.89 on Friday. The business’s 50 day moving average price is $156.07 and its two-hundred day moving average price is $151.75. The company has a market cap of $23.60 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29.

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.