Pinnacle Associates Ltd. Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pinnacle Associates Ltd. lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,127 shares of the company’s stock after purchasing an additional 989 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR S&P Dividend ETF were worth $1,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Riggs Asset Managment Co. Inc. grew its stake in shares of SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares during the period. Russell Investments Group Ltd. grew its stake in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL grew its stake in SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at about $38,000.

SPDR S&P Dividend ETF Trading Down 0.0 %

Shares of NYSEARCA SDY opened at $138.16 on Friday. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $112.91 and a 52 week high of $144.06. The company’s 50-day moving average price is $140.39 and its 200 day moving average price is $133.79.

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.