SPDR S&P Dividend ETF $SDY Stock Bought by Investment Partners LTD.

Investment Partners LTD. increased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 118.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,944 shares of the company’s stock after buying an additional 18,435 shares during the quarter. Investment Partners LTD.’s holdings in SPDR S&P Dividend ETF were worth $4,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fifth Third Bancorp grew its position in SPDR S&P Dividend ETF by 1,558.7% in the first quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after acquiring an additional 108,140 shares during the last quarter. International Assets Investment Management LLC raised its stake in SPDR S&P Dividend ETF by 2,324.5% during the third quarter. International Assets Investment Management LLC now owns 110,000 shares of the company’s stock worth $16,113,000 after acquiring an additional 105,463 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 47.0% in the second quarter. Benjamin Edwards Inc. now owns 286,769 shares of the company’s stock worth $43,643,000 after acquiring an additional 91,702 shares during the last quarter. NBT Bank N.A. bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $11,869,000. Finally, Confluence Investment Management LLC boosted its stake in shares of SPDR S&P Dividend ETF by 92.5% in the 2nd quarter. Confluence Investment Management LLC now owns 132,295 shares of the company’s stock valued at $20,133,000 after purchasing an additional 63,585 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.3%

SDY opened at $160.72 on Friday. The company has a market cap of $22.26 billion, a P/E ratio of 19.85 and a beta of 0.69. The company’s 50 day moving average is $153.44 and its 200-day moving average is $151.60. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $162.31.

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.