Park Avenue Securities LLC Buys 4,142 Shares of SPDR S&P Dividend ETF $SDY

Park Avenue Securities LLC lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,511 shares of the company’s stock after acquiring an additional 4,142 shares during the period. Park Avenue Securities LLC’s holdings in SPDR S&P Dividend ETF were worth $6,959,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of SPDR S&P Dividend ETF by 57.7% during the second quarter. Integrated Wealth Concepts LLC now owns 35,846 shares of the company’s stock valued at $5,455,000 after purchasing an additional 13,121 shares during the period. NWF Advisory Services Inc. boosted its position in shares of SPDR S&P Dividend ETF by 3.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 183,880 shares of the company’s stock worth $27,983,000 after purchasing an additional 5,851 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 84,145 shares of the company’s stock worth $12,805,000 after purchasing an additional 22,199 shares in the last quarter. PFG Investments LLC grew its stake in shares of SPDR S&P Dividend ETF by 15.1% in the 1st quarter. PFG Investments LLC now owns 24,762 shares of the company’s stock valued at $3,614,000 after buying an additional 3,243 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of SPDR S&P Dividend ETF by 165.3% in the 1st quarter. Parallel Advisors LLC now owns 6,864 shares of the company’s stock valued at $1,002,000 after buying an additional 4,277 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $157.74 on Thursday. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business has a 50-day simple moving average of $153.36 and a 200 day simple moving average of $151.43.

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.