HTG Investment Advisors Inc. increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,265 shares of the company’s stock after purchasing an additional 82 shares during the period. HTG Investment Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its stake in shares of SPDR S&P Dividend ETF by 1.7% during the first quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock worth $347,104,000 after purchasing an additional 41,613 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the 1st quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after buying an additional 20,594 shares during the period. Commonwealth Equity Services LLC lifted its position in SPDR S&P Dividend ETF by 0.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock worth $150,952,000 after acquiring an additional 8,613 shares in the last quarter. Cetera Investment Advisers boosted its holdings in SPDR S&P Dividend ETF by 0.6% in the 1st quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock worth $94,395,000 after acquiring an additional 3,830 shares during the period. Finally, Elk River Wealth Management LLC boosted its holdings in SPDR S&P Dividend ETF by 0.6% in the 2nd quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock worth $56,074,000 after acquiring an additional 2,487 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Stock Down 0.2%
SDY opened at $140.40 on Tuesday. The firm has a market capitalization of $20.30 billion, a P/E ratio of 19.85 and a beta of 0.86. The firm’s 50 day moving average is $139.86 and its 200-day moving average is $135.98. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45.
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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