SPDR S&P Dividend ETF (NYSEARCA:SDY) Stake Boosted by Seamount Financial Group Inc.

Seamount Financial Group Inc. raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,947 shares of the company’s stock after purchasing an additional 590 shares during the period. Seamount Financial Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF in the third quarter worth about $31,000. JNBA Financial Advisors bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $32,000. Assetmark Inc. boosted its position in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $38,000.

SPDR S&P Dividend ETF Stock Down 0.5 %

Shares of SDY opened at $132.90 on Friday. The firm has a market capitalization of $21.02 billion, a PE ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average price of $134.74 and a 200 day moving average price of $137.44. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week 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.