Smart Money Group LLC Purchases 86 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Smart Money Group LLC boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,547 shares of the company’s stock after purchasing an additional 86 shares during the period. Smart Money Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC grew its stake in shares of SPDR S&P Dividend ETF by 3.7% during the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after buying an additional 98 shares during the last quarter. Franklin Resources Inc. boosted its holdings in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares during the period. CX Institutional grew its position in SPDR S&P Dividend ETF by 4.0% in the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after acquiring an additional 2,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in SPDR S&P Dividend ETF by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after purchasing an additional 2,705 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth $3,488,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

NYSEARCA SDY opened at $133.77 on Monday. The stock has a market cap of $21.16 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The company’s 50-day moving average price is $136.76 and its 200-day moving average price is $137.00.

SPDR S&P Dividend ETF 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.