Gladstone Institutional Advisory LLC Grows Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Gladstone Institutional Advisory LLC boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,790 shares of the company’s stock after purchasing an additional 940 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at about $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $32,000. Assetmark Inc. raised its position in shares of SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $41,000.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $134.26 on Friday. SPDR S&P Dividend ETF has a one year low of $123.32 and a one year high of $144.45. The company has a 50 day moving average price of $133.89 and a two-hundred day moving average price of $137.49. The stock has a market capitalization of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.