Principle Wealth Partners LLC Purchases 1,950 Shares of SPDR S&P Dividend ETF $SDY

Principle Wealth Partners LLC raised its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.9% during the second quarter, HoldingsChannel.com reports. The fund owned 19,913 shares of the company’s stock after buying an additional 1,950 shares during the quarter. Principle Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $2,703,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Insight Inv LLC bought a new stake in SPDR S&P Dividend ETF during the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF during the second quarter valued at $40,000. Private Wealth Asset Management LLC boosted its position in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF during the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth about $50,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $139.81 on Thursday. The stock has a market capitalization of $20.14 billion, a PE ratio of 19.85 and a beta of 0.86. The company’s 50-day moving average is $140.07 and its 200-day moving average is $136.41. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year 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.