Zhang Financial LLC Invests $2.21 Million in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Zhang Financial LLC acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, HoldingsChannel reports. The fund acquired 16,762 shares of the company’s stock, valued at approximately $2,214,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares in the last quarter. Franklin Resources Inc. increased 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 worth $8,189,000 after buying an additional 1,222 shares during the last quarter. CX Institutional raised its position in SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after acquiring an additional 2,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR S&P Dividend ETF by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock valued at $12,387,000 after acquiring an additional 2,705 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter worth approximately $3,488,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

SPDR S&P Dividend ETF stock opened at $133.77 on Monday. The company has a market capitalization of $21.16 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The firm’s fifty day simple moving average is $136.76 and its 200-day simple moving average is $137.00.

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.