Private Wealth Group LLC Grows Stock Position in SPDR S&P Dividend ETF $SDY

Private Wealth Group LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 51,574 shares of the company’s stock after acquiring an additional 3,473 shares during the period. SPDR S&P Dividend ETF comprises 3.7% of Private Wealth Group LLC’s holdings, making the stock its 8th biggest holding. Private Wealth Group LLC’s holdings in SPDR S&P Dividend ETF were worth $7,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR S&P Dividend ETF by 350.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after buying an additional 245 shares during the last quarter. Crews Bank & Trust grew its stake in shares of SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at about $50,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.5%

Shares of NYSEARCA:SDY opened at $140.64 on Friday. The stock’s 50-day moving average price is $139.83 and its 200-day moving average price is $135.93. The stock has a market capitalization of $20.34 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-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.