SPDR S&P Dividend ETF $SDY Shares Bought by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,338 shares of the company’s stock after acquiring an additional 920 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Insight Inv LLC purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $40,000. Private Wealth Asset Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter valued at approximately $45,000. Finally, Wealth Preservation Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 1st quarter worth approximately $50,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $138.26 on Friday. The firm’s 50 day moving average price is $138.64 and its two-hundred day moving average price is $137.85. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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.