Proequities Inc. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, HoldingsChannel reports. The fund purchased 2,202 shares of the company’s stock, valued at approximately $216,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $130,000. Patriot Financial Group Insurance Agency LLC lifted its stake in SPDR S&P Dividend ETF by 637.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,474 shares of the company’s stock valued at $144,000 after buying an additional 1,274 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $157,000. Providence Capital Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 933.7% in the 2nd quarter. Providence Capital Advisors LLC now owns 1,995 shares of the company’s stock valued at $185,000 after buying an additional 1,802 shares in the last quarter. Finally, EFG Asset Management Americas Corp. purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $200,000.
SDY stock opened at $96.06 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $87.95 and a 1 year high of $100.07.
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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.
Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY).
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