Cambridge Capital Management LLC Invests $972,000 in SPDR S&P Dividend ETF $SDY

Cambridge Capital Management LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,160 shares of the company’s stock, valued at approximately $972,000. SPDR S&P Dividend ETF makes up 0.5% of Cambridge Capital Management LLC’s holdings, making the stock its 22nd largest holding.

Several other institutional investors also recently modified their holdings of the stock. Joel Isaacson & Co. LLC increased its holdings in shares of SPDR S&P Dividend ETF by 3.4% during the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock worth $358,997,000 after buying an additional 86,679 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock worth $321,773,000 after buying an additional 20,594 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock worth $150,952,000 after buying an additional 8,613 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock worth $94,395,000 after buying an additional 3,830 shares in the last quarter. Finally, Elk River Wealth Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock worth $56,074,000 after purchasing an additional 2,487 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.3%

NYSEARCA SDY opened at $139.81 on Thursday. The company has a market capitalization of $20.14 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a fifty day simple moving average of $140.07 and a 200 day simple moving average of $136.41.

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.