Tennessee Valley Asset Management Partners Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tennessee Valley Asset Management Partners acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,591 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC boosted its stake in shares of SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock worth $313,308,000 after purchasing an additional 13,755 shares during the last quarter. UBS Group AG lifted its stake in shares of SPDR S&P Dividend ETF by 3.5% during the fourth quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock valued at $249,132,000 after buying an additional 67,304 shares during the period. Pathstone Holdings LLC acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter worth approximately $94,819,000. Cetera Investment Advisers grew 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 worth $90,392,000 after acquiring an additional 509,007 shares during the period. Finally, MAI Capital Management raised its holdings in SPDR S&P Dividend ETF by 1.4% in the 1st quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after acquiring an additional 7,095 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.9 %

SDY stock opened at $140.29 on Friday. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $140.40. The stock’s fifty day simple moving average is $134.78 and its 200-day simple moving average is $130.72.

About SPDR S&P Dividend ETF

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.