Woodmont Investment Counsel LLC Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Woodmont Investment Counsel LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,177 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Grimes & Company Inc. grew its stake in shares of SPDR S&P Dividend ETF by 1.6% in the 4th quarter. Grimes & Company Inc. now owns 5,402 shares of the company’s stock worth $675,000 after buying an additional 84 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 1.0% in the 4th quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock worth $1,056,000 after acquiring an additional 86 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the 4th quarter. PDS Planning Inc now owns 16,889 shares of the company’s stock worth $2,111,000 after acquiring an additional 97 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the 1st quarter. NBC Securities Inc. now owns 2,811 shares of the company’s stock worth $368,000 after acquiring an additional 107 shares during the last quarter. Finally, Coston McIsaac & Partners lifted its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Coston McIsaac & Partners now owns 14,867 shares of the company’s stock worth $1,858,000 after acquiring an additional 110 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded up $0.48 during trading hours on Tuesday, hitting $126.43. The company’s stock had a trading volume of 190,972 shares, compared to its average volume of 332,208. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $132.49. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s fifty day moving average price is $129.17 and its 200 day moving average price is $126.92.

SPDR S&P Dividend ETF Company 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.