Dickmeyer Boyce Financial Management Inc. Takes $802,000 Position in SPDR S&P Dividend ETF $SDY

Dickmeyer Boyce Financial Management Inc. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,497 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. grew its stake in SPDR S&P Dividend ETF by 4.0% in the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after acquiring an additional 70 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after acquiring an additional 71 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after acquiring an additional 71 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock valued at $1,507,000 after acquiring an additional 80 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 3.9% in the first quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.3%

SDY opened at $153.92 on Friday. The stock’s fifty day moving average is $151.53 and its two-hundred day moving average is $149.72. The company has a market capitalization of $21.60 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $157.66.

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.