Westside Investment Management Inc. Acquires 1,125 Shares of SPDR S&P Dividend ETF $SDY

Westside Investment Management Inc. lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,175 shares of the company’s stock after purchasing an additional 1,125 shares during the period. SPDR S&P Dividend ETF accounts for about 0.9% of Westside Investment Management Inc.’s portfolio, making the stock its 27th biggest position. Westside Investment Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TIAA Trust National Association boosted its position in shares of SPDR S&P Dividend ETF by 7.0% during the 2nd quarter. TIAA Trust National Association now owns 15,293 shares of the company’s stock valued at $2,076,000 after purchasing an additional 1,001 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of SPDR S&P Dividend ETF by 16.6% during the 2nd quarter. GHP Investment Advisors Inc. now owns 3,694 shares of the company’s stock valued at $501,000 after purchasing an additional 526 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of SPDR S&P Dividend ETF by 11.4% during the 2nd quarter. Roble Belko & Company Inc now owns 21,169 shares of the company’s stock valued at $2,873,000 after purchasing an additional 2,172 shares in the last quarter. Bridgewealth Advisory Group LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $234,000. Finally, Pinnacle Associates Ltd. boosted its position in shares of SPDR S&P Dividend ETF by 15.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 9,905 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,356 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $137.22 on Monday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The business’s 50 day simple moving average is $139.73 and its two-hundred day simple moving average is $137.21. The firm has a market cap of $19.74 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.