Northstar Investment Advisors LLC increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,478 shares of the company’s stock after buying an additional 525 shares during the period. Northstar Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SDY. Patriot Financial Group Insurance Agency LLC increased its stake in shares of SPDR S&P Dividend ETF by 637.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,474 shares of the company’s stock worth $144,000 after buying an additional 1,274 shares during the period. NEXT Financial Group Inc acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $157,000. Brown Brothers Harriman & Co. boosted its holdings in SPDR S&P Dividend ETF by 88.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,913 shares of the company’s stock valued at $187,000 after purchasing an additional 900 shares in the last quarter. EFG Asset Management Americas Corp. acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $200,000. Finally, Gofen & Glossberg LLC IL acquired a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $201,000.

Shares of SDY opened at $92.04 on Friday. SPDR S&P Dividend ETF has a 52-week low of $84.28 and a 52-week high of $100.07.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Monday, December 24th were issued a $0.6678 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 2.90%. This is an increase from SPDR S&P Dividend ETF’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, December 21st.

ILLEGAL ACTIVITY NOTICE: “Northstar Investment Advisors LLC Purchases 525 Shares of SPDR S&P Dividend ETF (SDY)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2019/01/12/northstar-investment-advisors-llc-purchases-525-shares-of-spdr-sp-dividend-etf-sdy.html.

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.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY).

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.