Legacy Financial Group LLC Raises Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Legacy Financial Group LLC boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 377,368 shares of the company’s stock after acquiring an additional 3,088 shares during the quarter. SPDR S&P Dividend ETF accounts for 0.0% of Legacy Financial Group LLC’s investment portfolio, making the stock its 4th largest holding. Legacy Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $49,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 1.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after acquiring an additional 30,381 shares during the period. International Assets Investment Management LLC raised its stake in SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares during the period. Destination Wealth Management raised its stake in SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after acquiring an additional 2,366 shares during the period. Finally, Creative Planning raised its stake in SPDR S&P Dividend ETF by 1.1% during the 2nd quarter. Creative Planning now owns 461,739 shares of the company’s stock worth $58,724,000 after acquiring an additional 4,963 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $133.91 on Monday. SPDR S&P Dividend ETF has a 1 year low of $121.52 and a 1 year high of $144.45. The company has a 50 day simple moving average of $136.10 and a two-hundred day simple moving average of $137.27. The firm has a market cap of $21.18 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.