Lodestone Wealth Management LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Lodestone Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 2nd quarter, Holdings Channel reports. The firm purchased 1,481 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares in the last quarter. Summit Wealth Partners LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter valued at $204,000. Carnegie Investment Counsel boosted its stake in shares of SPDR S&P Dividend ETF by 2.7% during the first quarter. Carnegie Investment Counsel now owns 22,162 shares of the company’s stock valued at $2,753,000 after acquiring an additional 576 shares during the last quarter. Principle Wealth Partners LLC increased its position in SPDR S&P Dividend ETF by 3.8% during the 1st quarter. Principle Wealth Partners LLC now owns 17,963 shares of the company’s stock worth $2,437,000 after purchasing an additional 650 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock worth $94,395,000 after purchasing an additional 3,830 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 0.4%

Shares of SDY stock opened at $135.96 on Friday. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The firm has a 50-day moving average price of $138.69 and a 200 day moving average price of $137.80. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45.

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.