Cassaday & Co Wealth Management LLC Boosts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cassaday & Co Wealth Management LLC raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,597 shares of the company’s stock after purchasing an additional 166 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the third quarter valued at about $31,000. JNBA Financial Advisors purchased a new position in SPDR S&P Dividend ETF in the third quarter valued at about $32,000. Russell Investments Group Ltd. grew its stake in SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the second quarter worth about $34,000. Finally, Assetmark Inc. boosted its holdings in SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $139.67 on Monday. The company has a market cap of $22.10 billion, a PE ratio of 19.72 and a beta of 0.68. The business has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $134.82. SPDR S&P Dividend ETF has a fifty-two week low of $117.25 and a fifty-two week high of $144.06.

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.