Wealth Effects LLC Invests $214,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wealth Effects LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,510 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also bought and sold shares of SDY. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the first quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock worth $313,308,000 after acquiring an additional 13,755 shares during the last quarter. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares during the last quarter. MAI Capital Management boosted its position in SPDR S&P Dividend ETF by 1.4% in the first quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after buying an additional 7,095 shares in the last quarter. Creative Planning boosted its position in SPDR S&P Dividend ETF by 1.1% in the second quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after buying an additional 4,963 shares in the last quarter. Finally, Elk River Wealth Management LLC grew its stake in shares of 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 last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY traded down $1.18 during trading hours on Monday, reaching $142.50. The stock had a trading volume of 75,865 shares, compared to its average volume of 288,129. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $144.06. The stock has a market capitalization of $22.54 billion, a PE ratio of 19.72 and a beta of 0.68. The company’s 50-day moving average is $139.50 and its two-hundred day moving average is $133.01.

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.