Coston McIsaac & Partners Boosts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Coston McIsaac & Partners raised its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 14,489 shares of the company’s stock after buying an additional 72 shares during the quarter. Coston McIsaac & Partners’ holdings in SPDR S&P Dividend ETF were worth $2,058,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SDY. Cetera Investment Advisers boosted its position in shares of SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after buying an additional 509,007 shares during the last quarter. MAI Capital Management grew its stake in shares of SPDR S&P Dividend ETF by 1.4% in the first quarter. MAI Capital Management now owns 527,434 shares of the company’s stock worth $69,220,000 after acquiring an additional 7,095 shares during the period. Creative Planning raised its holdings in shares of SPDR S&P Dividend ETF by 1.1% during the second quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after purchasing an additional 4,963 shares during the last quarter. Elk River Wealth Management LLC grew its position in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after purchasing an additional 8,194 shares during the period. Finally, Legacy Financial Group LLC raised its stake in SPDR S&P Dividend ETF by 0.8% during the 3rd quarter. Legacy Financial Group LLC now owns 374,280 shares of the company’s stock valued at $53,163,000 after buying an additional 2,901 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock traded down $0.37 during mid-day trading on Wednesday, reaching $141.05. 49,581 shares of the stock traded hands, compared to its average volume of 286,640. The stock has a market capitalization of $22.31 billion, a PE ratio of 19.72 and a beta of 0.68. The business’s 50-day moving average is $139.85 and its 200-day moving average is $133.20. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $144.06.

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.