Baltimore Washington Financial Advisors Inc. boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,500 shares of the company’s stock after buying an additional 303 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SDY. Bank of New York Mellon Corp boosted its stake in SPDR S&P Dividend ETF by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 165,823 shares of the company’s stock valued at $16,239,000 after buying an additional 14,202 shares during the last quarter. FMR LLC boosted its stake in SPDR S&P Dividend ETF by 10.4% during the third quarter. FMR LLC now owns 74,262 shares of the company’s stock valued at $7,273,000 after buying an additional 6,986 shares during the last quarter. Credit Suisse AG boosted its stake in SPDR S&P Dividend ETF by 199.3% during the third quarter. Credit Suisse AG now owns 36,642 shares of the company’s stock valued at $3,588,000 after buying an additional 24,398 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P Dividend ETF by 10.4% during the third quarter. JPMorgan Chase & Co. now owns 81,557 shares of the company’s stock valued at $7,987,000 after buying an additional 7,660 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $248,000.

SPDR S&P Dividend ETF stock traded up $0.16 during midday trading on Thursday, reaching $100.84. 239,836 shares of the stock traded hands, compared to its average volume of 778,500. SPDR S&P Dividend ETF has a 12 month low of $84.28 and a 12 month high of $101.45.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were paid a dividend of $0.5309 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, March 15th.

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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.

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

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