Kraft Davis & Associates LLC Purchases New Holdings in SPDR S&P Dividend ETF $SDY

Kraft Davis & Associates LLC bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,525 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently modified their holdings of SDY. Brighton Jones LLC lifted its position in shares of SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after acquiring an additional 14,829 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in SPDR S&P Dividend ETF by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 370,787 shares of the company’s stock worth $50,308,000 after purchasing an additional 1,962 shares during the period. Sowell Financial Services LLC bought a new stake in SPDR S&P Dividend ETF during the first quarter worth about $598,000. Robertson Stephens Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 8.8% during the first quarter. Robertson Stephens Wealth Management LLC now owns 4,128 shares of the company’s stock worth $560,000 after purchasing an additional 334 shares during the period. Finally, Institute for Wealth Management LLC. lifted its position in SPDR S&P Dividend ETF by 4.0% during the first quarter. Institute for Wealth Management LLC. now owns 2,318 shares of the company’s stock worth $315,000 after purchasing an additional 89 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Down 0.9%

Shares of SPDR S&P Dividend ETF stock opened at $138.31 on Friday. The company has a 50 day moving average of $140.05 and a 200-day moving average of $136.20. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The company has a market cap of $19.93 billion, a PE ratio of 19.85 and a beta of 0.86.

SPDR S&P Dividend ETF Company 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.