Park Avenue Securities LLC Acquires 1,898 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Park Avenue Securities LLC raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,907 shares of the company’s stock after buying an additional 1,898 shares during the quarter. Park Avenue Securities LLC’s holdings in SPDR S&P Dividend ETF were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SDY. Avion Wealth raised its holdings in shares of SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Glass Jacobson Investment Advisors llc bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $26,000. Colonial Trust Advisors purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $29,000. Kestra Investment Management LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $31,000. Finally, Noble Wealth Management PBC bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $32,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $135.90 on Thursday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The firm has a 50 day moving average price of $131.73 and a 200-day moving average price of $134.08. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80.

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.