NBC Securities Inc. Boosts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

NBC Securities Inc. increased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 117,100.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,344 shares of the company’s stock after buying an additional 2,342 shares during the period. NBC Securities Inc.’s holdings in SPDR S&P Dividend ETF were worth $318,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Avion Wealth increased its stake in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Glass Jacobson Investment Advisors llc bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $26,000. Colonial Trust Advisors bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $31,000. Finally, Noble Wealth Management PBC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $32,000.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $135.23 on Friday. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. The stock’s 50 day moving average price is $131.45 and its 200-day moving average price is $134.19. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45.

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.