Cannon Global Investment Management LLC Invests $499,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cannon Global Investment Management LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,800 shares of the company’s stock, valued at approximately $499,000. SPDR S&P Dividend ETF comprises 1.3% of Cannon Global Investment Management LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors L.P. lifted its stake in SPDR S&P Dividend ETF by 8.5% in the third quarter. Natixis Advisors L.P. now owns 12,958 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,014 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in SPDR S&P Dividend ETF by 44.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 786 shares of the company’s stock valued at $90,000 after purchasing an additional 243 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in SPDR S&P Dividend ETF by 2,230.8% in the third quarter. Qube Research & Technologies Ltd now owns 47,058 shares of the company’s stock valued at $5,412,000 after purchasing an additional 45,039 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in SPDR S&P Dividend ETF by 129.8% in the third quarter. Tower Research Capital LLC TRC now owns 27,641 shares of the company’s stock valued at $3,179,000 after purchasing an additional 15,615 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $499,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded down $0.16 during trading on Friday, hitting $127.18. 155,916 shares of the company were exchanged, compared to its average volume of 334,344. The company has a market cap of $20.12 billion, a PE ratio of 19.72 and a beta of 0.68. The stock has a 50 day moving average of $129.17 and a 200 day moving average of $126.91. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49.

SPDR S&P Dividend ETF Profile

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.