SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,892 shares of the company’s stock after purchasing an additional 9,055 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth approximately $164,000. Anchor Investment Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $88,000. Martin Capital Partners LLC grew its stake in SPDR S&P Dividend ETF by 391.3% in the fourth quarter. Martin Capital Partners LLC now owns 18,961 shares of the company’s stock worth $2,370,000 after purchasing an additional 15,102 shares in the last quarter. High Net Worth Advisory Group LLC increased its holdings in SPDR S&P Dividend ETF by 6.7% in the fourth quarter. High Net Worth Advisory Group LLC now owns 9,366 shares of the company’s stock valued at $1,171,000 after buying an additional 589 shares during the last quarter. Finally, Signature Wealth Management Group acquired a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $210,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded up $1.12 during trading on Friday, reaching $130.31. 293,169 shares of the company’s stock traded hands, compared to its average volume of 329,534. The company has a 50 day moving average of $128.98 and a 200-day moving average of $127.06. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.49. The stock has a market capitalization of $20.62 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.