Meridian Wealth Advisors LLC Acquires 896 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Meridian Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,301 shares of the company’s stock after acquiring an additional 896 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. Fifth Third Securities Inc. raised its holdings in SPDR S&P Dividend ETF by 7.9% in the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after purchasing an additional 922 shares in the last quarter. UBS Group AG increased its holdings in SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after buying an additional 67,304 shares in the last quarter. LRI Investments LLC purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $492,000. VisionPoint Advisory Group LLC raised its stake in SPDR S&P Dividend ETF by 7.4% during the 4th quarter. VisionPoint Advisory Group LLC now owns 23,254 shares of the company’s stock valued at $2,906,000 after buying an additional 1,597 shares during the last quarter. Finally, TD Capital Management LLC increased its position in SPDR S&P Dividend ETF by 50.6% during the fourth quarter. TD Capital Management LLC now owns 780 shares of the company’s stock valued at $97,000 after acquiring an additional 262 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded down $0.40 during trading on Thursday, hitting $139.10. The company’s stock had a trading volume of 47,544 shares, compared to its average volume of 308,383. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $140.15. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a 50-day moving average of $133.06 and a 200-day moving average of $130.04.

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.