Partners Wealth Management LLC Buys New Holdings in SPDR S&P Dividend ETF $SDY

Partners Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, Holdings Channel.com reports. The firm purchased 16,086 shares of the company’s stock, valued at approximately $2,356,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SDY. D.A. Davidson & CO. grew its holdings in shares of SPDR S&P Dividend ETF by 1.8% during the 3rd quarter. D.A. Davidson & CO. now owns 25,167 shares of the company’s stock valued at $3,687,000 after purchasing an additional 444 shares during the last quarter. BOKF NA raised its position in SPDR S&P Dividend ETF by 0.4% in the 3rd quarter. BOKF NA now owns 107,875 shares of the company’s stock worth $15,802,000 after purchasing an additional 423 shares during the period. Convergence Financial LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter worth $212,000. Latitude Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter worth $51,000. Finally, Foresight Capital Management Advisors Inc. bought a new stake in SPDR S&P Dividend ETF in the third quarter worth $30,000. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 1.6%

NYSEARCA SDY opened at $160.19 on Friday. The company has a 50-day simple moving average of $153.38 and a two-hundred day simple moving average of $151.52. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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.