Brown Brothers Harriman & Co. Increases Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Brown Brothers Harriman & Co. raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2,310.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,683 shares of the company’s stock after purchasing an additional 36,120 shares during the period. Brown Brothers Harriman & Co.’s holdings in SPDR S&P Dividend ETF were worth $5,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Securities Inc. raised its stake in SPDR S&P Dividend ETF by 7.9% in the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after buying an additional 922 shares in the last quarter. Choreo LLC lifted its stake in shares of SPDR S&P Dividend ETF by 6.7% in the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,276 shares during the period. Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $199,000. Forbes Financial Planning Inc. grew its stake in SPDR S&P Dividend ETF by 1.5% in the second quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock worth $4,835,000 after purchasing an additional 568 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the second quarter worth $34,000.

SPDR S&P Dividend ETF Trading Up 0.9 %

Shares of SPDR S&P Dividend ETF stock opened at $143.60 on Tuesday. SPDR S&P Dividend ETF has a 12 month low of $118.33 and a 12 month high of $144.06. The firm has a market capitalization of $22.72 billion, a P/E ratio of 19.72 and a beta of 0.68. The business has a fifty day simple moving average of $140.88 and a two-hundred day simple moving average of $135.32.

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.