Ballast Inc. acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,186 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SDY. Haverford Trust Co. raised its position in shares of SPDR S&P Dividend ETF by 5.6% during the 3rd quarter. Haverford Trust Co. now owns 3,382 shares of the company’s stock valued at $347,000 after buying an additional 180 shares in the last quarter. Parallel Advisors LLC raised its position in SPDR S&P Dividend ETF by 3.6% in the 3rd quarter. Parallel Advisors LLC now owns 24,615 shares of the company’s stock worth $2,526,000 after purchasing an additional 859 shares during the period. Newman Dignan & Sheerar Inc. raised its position in SPDR S&P Dividend ETF by 0.9% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 35,294 shares of the company’s stock worth $3,621,000 after purchasing an additional 320 shares during the period. Stifel Financial Corp raised its position in SPDR S&P Dividend ETF by 5.8% in the 3rd quarter. Stifel Financial Corp now owns 178,344 shares of the company’s stock worth $18,301,000 after purchasing an additional 9,791 shares during the period. Finally, Advisory Resource Group raised its position in SPDR S&P Dividend ETF by 1.2% in the 3rd quarter. Advisory Resource Group now owns 53,231 shares of the company’s stock worth $5,462,000 after purchasing an additional 637 shares during the period.

NYSEARCA:SDY traded down $0.05 during trading hours on Tuesday, reaching $107.22. The company’s stock had a trading volume of 18,678 shares, compared to its average volume of 758,713. The firm has a 50-day simple moving average of $106.92 and a 200-day simple moving average of $103.13. SPDR S&P Dividend ETF has a 1 year low of $91.35 and a 1 year high of $108.00.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Monday, December 23rd were given a $0.792 dividend. This represents a $3.17 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, December 20th. This is a boost from SPDR S&P Dividend ETF’s previous quarterly dividend of $0.53.

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.

See Also: Understanding Stock Ratings

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.