Mather Group LLC. Boosts Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mather Group LLC. increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,429 shares of the company’s stock after buying an additional 268 shares during the quarter. Mather Group LLC.’s holdings in SPDR S&P Dividend ETF were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDY. Charles Schwab Investment Management Inc. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $724,000. Aire Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $454,000. D. E. Shaw & Co. Inc. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $2,010,000. Perennial Investment Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 1.4% during the fourth quarter. Perennial Investment Advisors LLC now owns 35,005 shares of the company’s stock valued at $4,624,000 after purchasing an additional 492 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $138.52 on Thursday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company’s fifty day moving average price is $134.08 and its 200-day moving average price is $133.43. The company has a market capitalization of $20.34 billion, a PE ratio of 19.85 and a beta of 0.86.

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.