Carnegie Investment Counsel Grows Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Carnegie Investment Counsel lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,586 shares of the company’s stock after purchasing an additional 194 shares during the quarter. Carnegie Investment Counsel’s holdings in SPDR S&P Dividend ETF were worth $2,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Key Client Fiduciary Advisors LLC increased its stake in SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after purchasing an additional 98 shares in the last quarter. Franklin Resources Inc. grew its holdings in SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares during the last quarter. Retirement Investment Advisors Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at $2,198,000. CX Institutional raised its stake in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after buying an additional 2,580 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P Dividend ETF by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after buying an additional 2,705 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.5 %

NYSEARCA:SDY opened at $133.77 on Friday. The company has a market capitalization of $21.16 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average price of $136.92 and a two-hundred day moving average price of $136.88. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45.

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.