Wealthspire Retirement LLC Boosts Position in SPDR S&P Dividend ETF $SDY

Wealthspire Retirement LLC increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,445 shares of the company’s stock after acquiring an additional 8,867 shares during the quarter. Wealthspire Retirement LLC’s holdings in SPDR S&P Dividend ETF were worth $10,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SDY. UBS Group AG increased its position in SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after purchasing an additional 165,053 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in SPDR S&P Dividend ETF by 70.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after purchasing an additional 143,853 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in SPDR S&P Dividend ETF by 4.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in SPDR S&P Dividend ETF by 4.0% in the 2nd 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 during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of SPDR S&P Dividend ETF by 1,558.7% in the 1st quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after buying an additional 108,140 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $154.32 on Thursday. The company has a 50 day simple moving average of $151.40 and a 200-day simple moving average of $149.62. The company has a market capitalization of $21.67 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $157.66.

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.