Indivisible Partners Invests $863,000 in SPDR S&P Dividend ETF $SDY

Indivisible Partners acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,198 shares of the company’s stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SDY. Brighton Jones LLC increased its position in shares of SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after acquiring an additional 14,829 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SPDR S&P Dividend ETF by 49.5% during the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after acquiring an additional 2,627 shares during the last quarter. First Trust Advisors LP increased its position in shares of SPDR S&P Dividend ETF by 30.4% during the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after acquiring an additional 7,493 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SDY opened at $149.12 on Thursday. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. The stock has a 50 day moving average of $148.66 and a 200 day moving average of $144.99. SPDR S&P Dividend ETF has a 12 month low of $131.00 and a 12 month high of $156.39.

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.