Providence Financial Advisors LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Providence Financial Advisors LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,133 shares of the company’s stock, valued at approximately $579,000. SPDR S&P Dividend ETF makes up 0.6% of Providence Financial Advisors LLC’s holdings, making the stock its 22nd largest position.

Other hedge funds have also recently modified their holdings of the company. CVA Family Office LLC lifted its position in SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $29,000. Global Wealth Strategies & Associates lifted its holdings in shares of SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at about $43,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.7%

NYSEARCA:SDY opened at $155.25 on Monday. The company has a market capitalization of $22.01 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $156.06. The stock’s 50 day moving average price is $144.82 and its 200 day moving average price is $141.24.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.