Orin Green Financial LLC Makes New $216,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Orin Green Financial LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,522 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDY. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after purchasing an additional 509,007 shares during the period. Legacy Financial Group LLC lifted its stake in SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after purchasing an additional 370,094 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in SPDR S&P Dividend ETF by 114.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after purchasing an additional 194,290 shares during the period. Strategic Financial Concepts LLC lifted its stake in SPDR S&P Dividend ETF by 4,418.2% during the second quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock worth $11,280,000 after purchasing an additional 86,729 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in SPDR S&P Dividend ETF during the second quarter worth about $10,044,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded down $0.01 during trading on Thursday, reaching $143.51. The stock had a trading volume of 21,759 shares, compared to its average volume of 289,387. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $144.06. The business’s 50-day moving average price is $139.10 and its 200 day moving average price is $132.81. The stock has a market capitalization of $22.70 billion, a PE ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company 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.