Mirae Asset Global Investments Co. Ltd. Makes New Investment in SPDR S&P Dividend ETF $SDY

Mirae Asset Global Investments Co. Ltd. purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, Holdings Channel.com reports. The firm purchased 15,300 shares of the company’s stock, valued at approximately $2,241,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vise Technologies Inc. raised its position in SPDR S&P Dividend ETF by 52.7% in the 3rd quarter. Vise Technologies Inc. now owns 9,030 shares of the company’s stock worth $1,323,000 after purchasing an additional 3,116 shares during the last quarter. Investment Partners LTD. lifted its holdings in SPDR S&P Dividend ETF by 118.9% during the 3rd quarter. Investment Partners LTD. now owns 33,944 shares of the company’s stock worth $4,972,000 after buying an additional 18,435 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in SPDR S&P Dividend ETF by 2,324.5% during the 3rd quarter. International Assets Investment Management LLC now owns 110,000 shares of the company’s stock worth $16,113,000 after buying an additional 105,463 shares in the last quarter. Partners Wealth Management LLC bought a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $2,356,000. Finally, D.A. Davidson & CO. boosted its position in SPDR S&P Dividend ETF by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 25,167 shares of the company’s stock valued at $3,687,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $160.87 on Friday. The stock has a fifty day moving average of $153.85 and a 200-day moving average of $152.02. The stock has a market capitalization of $22.26 billion, a P/E ratio of 19.85 and a beta of 0.67. SPDR S&P Dividend ETF has a 52 week low of $135.85 and a 52 week high of $166.61.

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.