Marino Stram & Associates LLC Buys 1,135 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Marino Stram & Associates LLC lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,247 shares of the company’s stock after purchasing an additional 1,135 shares during the period. SPDR S&P Dividend ETF makes up about 8.8% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 3rd biggest position. Marino Stram & Associates LLC owned approximately 0.15% of SPDR S&P Dividend ETF worth $34,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Barclays PLC acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth $27,000. Friedenthal Financial bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $29,000. Live Oak Investment Partners acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $36,000.

SPDR S&P Dividend ETF Price Performance

SDY stock traded down $0.33 during trading hours on Tuesday, reaching $125.03. The stock had a trading volume of 161,661 shares, compared to its average volume of 396,071. The stock has a market capitalization of $19.89 billion, a PE ratio of 19.41 and a beta of 0.73. The stock has a 50-day simple moving average of $126.95 and a 200 day simple moving average of $122.01. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67.

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.