D.A. Davidson & CO. Acquires 1,486 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

D.A. Davidson & CO. boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,005 shares of the company’s stock after purchasing an additional 1,486 shares during the period. D.A. Davidson & CO.’s holdings in SPDR S&P Dividend ETF were worth $2,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of Montreal Can grew its position in SPDR S&P Dividend ETF by 0.5% in the third quarter. Bank of Montreal Can now owns 217,946 shares of the company’s stock valued at $30,881,000 after purchasing an additional 1,018 shares in the last quarter. Associated Banc Corp grew its stake in shares of SPDR S&P Dividend ETF by 2.8% in the third quarter. Associated Banc Corp now owns 108,994 shares of the company’s stock valued at $15,482,000 after buying an additional 2,967 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of SPDR S&P Dividend ETF by 2,310.9% in the third quarter. Brown Brothers Harriman & Co. now owns 37,683 shares of the company’s stock valued at $5,352,000 after buying an additional 36,120 shares in the last quarter. SevenBridge Financial Group LLC increased its holdings in SPDR S&P Dividend ETF by 1.5% during the third quarter. SevenBridge Financial Group LLC now owns 6,542 shares of the company’s stock worth $928,000 after buying an additional 95 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in SPDR S&P Dividend ETF by 0.9% during the third quarter. Larson Financial Group LLC now owns 10,436 shares of the company’s stock worth $1,482,000 after acquiring an additional 89 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $143.76 on Friday. The stock has a market cap of $22.74 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a fifty day moving average price of $141.04 and a two-hundred day moving average price of $135.52. SPDR S&P Dividend ETF has a one year low of $118.33 and a one year high of $144.45.

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.