EverSource Wealth Advisors LLC Raises Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

EverSource Wealth Advisors LLC lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 27,184 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $27,000. Friedenthal Financial acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $29,000. Riggs Asset Managment Co. Inc. raised its stake in SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in SPDR S&P Dividend ETF during the first quarter valued at approximately $33,000.

SPDR S&P Dividend ETF Trading Down 0.3 %

NYSEARCA SDY traded down $0.43 on Friday, hitting $134.35. 536,648 shares of the stock traded hands, compared to its average volume of 322,147. The stock has a 50-day moving average of $129.63 and a 200 day moving average of $127.98. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $136.03. The company has a market capitalization of $21.25 billion, a P/E 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.