Thompson Davis & CO. Inc. Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Thompson Davis & CO. Inc. purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, HoldingsChannel reports. The firm purchased 1,713 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC lifted its position in shares of SPDR S&P Dividend ETF by 1.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock valued at $349,702,000 after acquiring an additional 30,381 shares during the period. International Assets Investment Management LLC increased its position in SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares in the last quarter. Cetera Investment Advisers raised its position in shares of SPDR S&P Dividend ETF by 283.2% in 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. Creative Planning lifted its stake in shares of SPDR S&P Dividend ETF by 1.1% during the 2nd quarter. Creative Planning now owns 461,739 shares of the company’s stock worth $58,724,000 after purchasing an additional 4,963 shares during the period. Finally, Elk River Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 2.2% during the third quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after buying an additional 8,194 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.4 %

Shares of SDY opened at $139.72 on Wednesday. The firm has a market capitalization of $22.10 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $117.25 and a twelve month high of $144.06. The stock’s fifty day simple moving average is $140.72 and its 200 day simple moving average is $134.99.

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.