Shum Financial Group Inc. Purchases Shares of 26,070 SPDR S&P Dividend ETF $SDY

Shum Financial Group Inc. purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,070 shares of the company’s stock, valued at approximately $3,651,000. SPDR S&P Dividend ETF accounts for about 2.7% of Shum Financial Group Inc.’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors have also modified their holdings of the company. Rebalance LLC grew its holdings in SPDR S&P Dividend ETF by 0.7% during the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock worth $1,506,000 after acquiring an additional 76 shares during the period. Wealth Advisory Solutions LLC boosted its position in shares of SPDR S&P Dividend ETF by 3.1% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after purchasing an additional 78 shares in the last quarter. KFA Private Wealth Group LLC boosted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock valued at $282,000 after purchasing an additional 78 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after purchasing an additional 81 shares during the last quarter. Finally, HTG Investment Advisors Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 2.6% in the 2nd quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock worth $443,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $140.12 on Wednesday. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $143.49. The company has a 50 day moving average price of $139.06 and a 200 day moving average price of $138.98.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.