Mission Wealth Management LP Has $7.21 Million Stake in SPDR S&P Dividend ETF $SDY

Mission Wealth Management LP lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,479 shares of the company’s stock after selling 5,556 shares during the period. Mission Wealth Management LP’s holdings in SPDR S&P Dividend ETF were worth $7,210,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SDY. First Horizon Corp acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at about $5,486,000. Almanack Investment Partners LLC. acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $494,000. Signal Advisors Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter worth approximately $539,000. Johnson Investment Counsel Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 2.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 29,255 shares of the company’s stock worth $3,971,000 after purchasing an additional 665 shares in the last quarter. Finally, Canal Capital Management LLC increased its position in shares of SPDR S&P Dividend ETF by 106.8% during the second quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock valued at $1,130,000 after purchasing an additional 4,300 shares during the period. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $149.21 on Tuesday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $149.36. The firm has a market capitalization of $21.14 billion, a PE ratio of 19.85 and a beta of 0.79. The company’s fifty day moving average price is $142.43 and its two-hundred day moving average price is $140.34.

About SPDR S&P Dividend ETF

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.