SPDR S&P Dividend ETF $SDY Shares Acquired by Lanham O Dell & Company Inc.

Lanham O Dell & Company Inc. lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 85.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 198,967 shares of the company’s stock after buying an additional 91,536 shares during the period. SPDR S&P Dividend ETF accounts for 8.9% of Lanham O Dell & Company Inc.’s investment portfolio, making the stock its 4th biggest holding. Lanham O Dell & Company Inc.’s holdings in SPDR S&P Dividend ETF were worth $27,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Insight Inv LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at $27,000. Global Wealth Strategies & Associates lifted its stake in SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the last quarter. Private Wealth Asset Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% in 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. Total Investment Management Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $43,000. Finally, Kilter Group LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at $48,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $145.32 on Wednesday. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The company has a fifty day moving average price of $140.67 and a 200 day moving average price of $139.77. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $146.92.

SPDR S&P Dividend ETF Profile

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.