TCG Advisory Services LLC Buys Shares of 2,262 SPDR S&P Dividend ETF (NYSEARCA:SDY)

TCG Advisory Services LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,262 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds have also modified their holdings of SDY. Grimes & Company Inc. increased its position in shares of SPDR S&P Dividend ETF by 1.6% in the fourth quarter. Grimes & Company Inc. now owns 5,402 shares of the company’s stock valued at $675,000 after buying an additional 84 shares in the last quarter. PFG Investments LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.0% in the 4th quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock worth $1,056,000 after acquiring an additional 86 shares during the last quarter. PDS Planning Inc grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the 4th quarter. PDS Planning Inc now owns 16,889 shares of the company’s stock worth $2,111,000 after purchasing an additional 97 shares during the period. Cardiff Park Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 43.9% during the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares during the period. Finally, Coston McIsaac & Partners grew its holdings in shares of SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Coston McIsaac & Partners now owns 14,867 shares of the company’s stock worth $1,858,000 after purchasing an additional 110 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY traded up $0.31 during midday trading on Monday, hitting $128.91. The company had a trading volume of 42,772 shares, compared to its average volume of 366,733. The company’s 50-day simple moving average is $127.86 and its 200-day simple moving average is $123.31. The firm has a market capitalization of $20.39 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67.

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.