NWF Advisory Services Inc. Increases Position in SPDR S&P Dividend ETF $SDY

NWF Advisory Services Inc. boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 183,880 shares of the company’s stock after purchasing an additional 5,851 shares during the quarter. SPDR S&P Dividend ETF makes up approximately 2.6% of NWF Advisory Services Inc.’s holdings, making the stock its 7th largest holding. NWF Advisory Services Inc.’s holdings in SPDR S&P Dividend ETF were worth $27,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Park National Corp OH acquired a new stake in SPDR S&P Dividend ETF in the first quarter worth $28,000. Continuum Advisory LLC bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at $29,000. Ankerstar Wealth LLC acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $33,000. MBM Wealth Consultants LLC acquired a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at $34,000. Finally, Core Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $156.88 on Friday. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29. The company has a 50-day simple moving average of $156.01 and a 200-day simple moving average of $151.72. The firm has a market capitalization of $23.75 billion, a P/E ratio of 19.85 and a beta of 0.69.

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.