29,403 Shares of SPDR S&P Dividend ETF $SDY Purchased by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 29,403 shares of the company’s stock, valued at approximately $4,307,000. SPDR S&P Dividend ETF makes up 1.1% of Neumann Capital Management LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. grew its position in SPDR S&P Dividend ETF by 4.7% in the third quarter. Mather Group LLC. now owns 6,672 shares of the company’s stock worth $977,000 after acquiring an additional 299 shares during the period. Strategy Asset Managers LLC acquired a new stake in SPDR S&P Dividend ETF during the third quarter worth $219,000. My Personal CFO LLC acquired a new stake in SPDR S&P Dividend ETF during the third quarter worth $410,000. Signal Advisors Wealth LLC increased its stake in SPDR S&P Dividend ETF by 11.0% during the third quarter. Signal Advisors Wealth LLC now owns 4,427 shares of the company’s stock worth $648,000 after acquiring an additional 439 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in SPDR S&P Dividend ETF by 8.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,268 shares of the company’s stock worth $1,211,000 after acquiring an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 1.3%

NYSEARCA:SDY opened at $153.96 on Friday. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29. The company has a market capitalization of $21.38 billion, a P/E ratio of 19.85 and a beta of 0.69. The stock’s fifty day moving average is $153.45 and its two-hundred day moving average is $151.68.

SPDR S&P Dividend ETF Company 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.