Renaissance Technologies LLC Invests $934,000 in SPDR S&P Dividend ETF $SDY

Renaissance Technologies LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 6,400 shares of the company’s stock, valued at approximately $934,000.

Several other institutional investors also recently bought and sold shares of SDY. Godsey & Gibb Inc. lifted its holdings in SPDR S&P Dividend ETF by 4.0% in the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after acquiring an additional 70 shares during the period. Ritholtz Wealth Management increased its holdings in shares of SPDR S&P Dividend ETF by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after purchasing an additional 71 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after purchasing an additional 71 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 3.9% in the 1st 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. Finally, Operose Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 8.1% in the 4th quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock valued at $150,000 after purchasing an additional 81 shares during the period. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $158.53 on Friday. The company has a market capitalization of $24.00 billion, a PE ratio of 19.85 and a beta of 0.69. The company’s fifty day moving average price is $154.16 and its 200 day moving average price is $151.08. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $160.29.

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.