Global Retirement Partners LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Global Retirement Partners LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,306 shares of the company’s stock, valued at approximately $4,656,000.

Several other institutional investors have also made changes to their positions in SDY. Brighton Jones LLC raised its holdings 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 valued at $2,443,000 after acquiring an additional 14,829 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in shares of SPDR S&P Dividend ETF by 53.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 765 shares of the company’s stock worth $104,000 after purchasing an additional 267 shares during the period. Avalon Capital Management bought a new position in shares of SPDR S&P Dividend ETF in the first quarter worth $5,506,000. Foundations Investment Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at about $260,000. Finally, N.E.W. Advisory Services LLC raised its stake in SPDR S&P Dividend ETF by 49.9% in the first quarter. N.E.W. Advisory Services LLC now owns 10,364 shares of the company’s stock valued at $1,406,000 after purchasing an additional 3,448 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Down 0.4%

Shares of SPDR S&P Dividend ETF stock opened at $137.71 on Tuesday. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The company has a market capitalization of $19.80 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The firm’s 50-day moving average price is $138.60 and its two-hundred day moving average price is $137.98.

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.