Parallel Advisors LLC Has $1 Million Stock Position in SPDR S&P Dividend ETF $SDY

Parallel Advisors LLC boosted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 165.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,864 shares of the company’s stock after acquiring an additional 4,277 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,002,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. lifted its position in shares of 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 worth $268,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management grew its position in SPDR S&P Dividend ETF by 1.3% in the first 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 stake in SPDR S&P Dividend ETF by 0.8% in the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after buying an additional 71 shares during the last quarter. Trust Co. of Vermont increased its stake in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock valued at $1,507,000 after buying an additional 80 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in SPDR S&P Dividend ETF by 3.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock worth $312,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $153.92 on Friday. The company has a market cap of $21.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The firm has a 50-day moving average of $151.53 and a 200-day moving average of $149.72. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $157.66.

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.