Trust Co. of Vermont Acquires New Holdings in SPDR S&P Dividend ETF $SDY

Trust Co. of Vermont bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,449 shares of the company’s stock, valued at approximately $1,590,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at $28,000. Continuum Advisory LLC bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $29,000. Ankerstar Wealth LLC acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $33,000. MBM Wealth Consultants LLC bought a new stake in shares of SPDR S&P Dividend ETF in the first quarter valued at about $34,000. Finally, Syntax Research Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SDY stock opened at $157.66 on Wednesday. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $160.29. The company has a market capitalization of $23.87 billion, a P/E ratio of 19.85 and a beta of 0.69. The stock has a 50 day moving average of $154.46 and a two-hundred day moving average of $151.25.

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.