Torrey Payne Wealth Management LLC Takes $5.34 Million Position in SPDR S&P Dividend ETF $SDY

Torrey Payne Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,401 shares of the company’s stock, valued at approximately $5,341,000. SPDR S&P Dividend ETF accounts for about 4.8% of Torrey Payne Wealth Management LLC’s holdings, making the stock its 9th largest holding.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake 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 worth $2,443,000 after acquiring an additional 14,829 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,627 shares in the last quarter. First Trust Advisors LP lifted its position in shares of SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after purchasing an additional 7,493 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.1%

Shares of SDY stock opened at $150.50 on Friday. SPDR S&P Dividend ETF has a 1 year low of $132.89 and a 1 year high of $156.39. The firm’s fifty day moving average price is $148.91 and its two-hundred day moving average price is $147.40. The firm has a market capitalization of $22.03 billion, a P/E ratio of 19.85 and a beta of 0.69.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.