Commonwealth Equity Services LLC Purchases 30,488 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Commonwealth Equity Services LLC grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,103,945 shares of the company’s stock after buying an additional 30,488 shares during the period. Commonwealth Equity Services LLC’s holdings in SPDR S&P Dividend ETF were worth $145,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ritholtz Wealth Management raised its holdings in shares of SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after buying an additional 505 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $67,000. Franklin Resources Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after buying an additional 1,222 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $3,488,000. Finally, Citigroup Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 16.0% in the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after buying an additional 3,551 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 1.3 %

Shares of SDY opened at $133.58 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock has a 50 day simple moving average of $134.33 and a 200-day simple moving average of $137.76. The stock has a market cap of $19.98 billion, a PE ratio of 21.48 and a beta of 0.88.

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.