LRI Investments LLC Makes New $492,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

LRI Investments LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,743 shares of the company’s stock, valued at approximately $492,000.

Other hedge funds have also modified their holdings of the company. PFG Investments LLC lifted its stake in shares of SPDR S&P Dividend ETF by 1.0% in the 4th quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock valued at $1,056,000 after purchasing an additional 86 shares during the last quarter. Elk River Wealth Management LLC boosted its stake in shares of SPDR S&P Dividend ETF by 3.3% during the 4th quarter. Elk River Wealth Management LLC now owns 406,741 shares of the company’s stock worth $50,830,000 after acquiring an additional 12,884 shares in the last quarter. Great Lakes Retirement Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $240,000. Saxon Interests Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $1,049,000. Finally, Global Retirement Partners LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.8% in the 4th quarter. Global Retirement Partners LLC now owns 31,316 shares of the company’s stock valued at $3,865,000 after acquiring an additional 1,443 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 1.1 %

SPDR S&P Dividend ETF stock traded up $1.52 during mid-day trading on Friday, reaching $133.93. The company had a trading volume of 195,347 shares, compared to its average volume of 323,297. The company has a 50 day moving average of $129.26 and a 200-day moving average of $127.65. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $134.47. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.