Oppenheimer & Co. Inc. Acquires 4,613 Shares of SPDR S&P Dividend ETF $SDY

Oppenheimer & Co. Inc. grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 61,654 shares of the company’s stock after acquiring an additional 4,613 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Dividend ETF were worth $8,635,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. CVA Family Office LLC grew its holdings in shares of SPDR S&P Dividend ETF by 60.0% during the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC boosted its position in SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the period. Compass Financial Services Inc purchased a new stake in SPDR S&P Dividend ETF during the third quarter valued at about $29,000. Global Wealth Strategies & Associates grew its stake in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Down 0.3%

NYSEARCA SDY opened at $153.00 on Tuesday. The firm has a market cap of $21.70 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $153.81. The stock has a 50-day moving average of $143.65 and a 200-day moving average of $140.80.

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.