Benjamin Edwards Inc. Has $26.99 Million Holdings in SPDR S&P Dividend ETF $SDY

Benjamin Edwards Inc. boosted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 193,953 shares of the company’s stock after purchasing an additional 10,567 shares during the quarter. Benjamin Edwards Inc.’s holdings in SPDR S&P Dividend ETF were worth $26,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDY. CVA Family Office LLC raised its stake in SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC raised its stake in SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at about $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.6%

SDY stock opened at $149.14 on Friday. The company has a market cap of $21.83 billion, a PE ratio of 19.85 and a beta of 0.71. The business has a 50-day simple moving average of $148.90 and a 200 day simple moving average of $144.81. SPDR S&P Dividend ETF has a 52 week low of $130.39 and a 52 week high of $156.39.

About SPDR S&P Dividend ETF

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.