Titleist Asset Management LLC Buys 234 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Titleist Asset Management LLC increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,663 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Titleist Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Stifel Financial Corp boosted its holdings in shares of SPDR S&P Dividend ETF by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock worth $30,846,000 after buying an additional 9,594 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in SPDR S&P Dividend ETF by 281.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 20,920 shares of the company’s stock valued at $2,797,000 after acquiring an additional 15,432 shares during the period. Drucker Wealth 3.0 LLC grew its position in shares of SPDR S&P Dividend ETF by 0.8% in the third quarter. Drucker Wealth 3.0 LLC now owns 19,041 shares of the company’s stock valued at $2,705,000 after purchasing an additional 142 shares during the last quarter. M&T Bank Corp increased its stake in shares of SPDR S&P Dividend ETF by 2.0% in the third quarter. M&T Bank Corp now owns 55,010 shares of the company’s stock worth $7,814,000 after purchasing an additional 1,068 shares during the period. Finally, Sunbelt Securities Inc. increased its position in SPDR S&P Dividend ETF by 4.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,180 shares of the company’s stock worth $1,446,000 after buying an additional 418 shares during the period.

SPDR S&P Dividend ETF Trading Down 5.1 %

SDY opened at $125.88 on Monday. SPDR S&P Dividend ETF has a 1-year low of $123.78 and a 1-year high of $144.45. The business has a 50 day moving average of $135.08 and a 200-day moving average of $137.14. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.8184 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.