Parallel Advisors LLC Has $1 Million Stake in SPDR S&P Dividend ETF $SDY

Parallel Advisors LLC boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 165.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,864 shares of the company’s stock after buying an additional 4,277 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $28,000. Ankerstar Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $34,000. MBM Wealth Consultants LLC bought a new stake in SPDR S&P Dividend ETF in the first quarter valued at approximately $34,000. Finally, Syntax Research Inc. bought a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.3%

SDY opened at $153.92 on Friday. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $157.66. The business has a 50 day moving average of $151.53 and a 200-day moving average of $149.72. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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