SPDR S&P Dividend ETF $SDY Shares Purchased by Marino Stram & Associates LLC

Marino Stram & Associates LLC increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 279,737 shares of the company’s stock after purchasing an additional 3,873 shares during the period. SPDR S&P Dividend ETF makes up 7.7% of Marino Stram & Associates LLC’s holdings, making the stock its 3rd largest position. Marino Stram & Associates LLC owned approximately 0.19% of SPDR S&P Dividend ETF worth $37,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Brighton Jones LLC boosted its stake in SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after purchasing an additional 14,829 shares during the period. GAMMA Investing LLC boosted its stake in SPDR S&P Dividend ETF by 13,468.0% in the 1st quarter. GAMMA Investing LLC now owns 315,592 shares of the company’s stock worth $42,820,000 after purchasing an additional 313,266 shares during the period. Fiduciary Alliance LLC boosted its stake in SPDR S&P Dividend ETF by 31.4% in the 1st quarter. Fiduciary Alliance LLC now owns 2,222 shares of the company’s stock worth $301,000 after purchasing an additional 531 shares during the period. NBC Securities Inc. boosted its stake in SPDR S&P Dividend ETF by 117,100.0% in the 1st quarter. NBC Securities Inc. now owns 2,344 shares of the company’s stock worth $318,000 after purchasing an additional 2,342 shares during the period. Finally, Merit Financial Group LLC lifted its position in SPDR S&P Dividend ETF by 175.5% during the 1st quarter. Merit Financial Group LLC now owns 51,157 shares of the company’s stock worth $6,941,000 after buying an additional 32,591 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $140.05 on Wednesday. The company’s 50-day moving average price is $139.81 and its two-hundred day moving average price is $135.84. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The stock has a market capitalization of $20.50 billion, a PE ratio of 19.85 and a beta of 0.86.

SPDR S&P Dividend ETF 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.