SPDR S&P Dividend ETF (NYSEARCA:SDY) is Peterson Wealth Management’s 3rd Largest Position

Peterson Wealth Management raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,569 shares of the company’s stock after buying an additional 2,504 shares during the period. SPDR S&P Dividend ETF comprises 5.5% of Peterson Wealth Management’s investment portfolio, making the stock its 3rd biggest position. Peterson Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $8,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of SPDR S&P Dividend ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 331,634 shares of the company’s stock worth $44,587,000 after purchasing an additional 74,616 shares in the last quarter. Jacobi Capital Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.1% during the first quarter. Jacobi Capital Management LLC now owns 4,195 shares of the company’s stock worth $569,000 after purchasing an additional 85 shares in the last quarter. Rollins Financial Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth about $205,000. Focus Partners Wealth increased its stake in shares of SPDR S&P Dividend ETF by 1.9% during the first quarter. Focus Partners Wealth now owns 116,256 shares of the company’s stock worth $15,774,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth about $1,397,000.

SPDR S&P Dividend ETF Stock Up 0.4%

SDY stock opened at $134.48 on Tuesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The stock has a market capitalization of $19.80 billion, a P/E ratio of 20.59 and a beta of 0.80. The firm has a 50-day simple moving average of $133.11 and a 200-day simple moving average of $133.51.

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.