Waverly Advisors LLC Purchases 24,107 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Waverly Advisors LLC grew its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 464.7% during the 1st quarter, HoldingsChannel reports. The firm owned 29,295 shares of the company’s stock after purchasing an additional 24,107 shares during the quarter. Waverly Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. LRI Investments LLC bought a new position in SPDR S&P Dividend ETF during the first quarter worth about $492,000. Capital Group Private Client Services Inc. grew its position in shares of SPDR S&P Dividend ETF by 30.8% in the 1st quarter. Capital Group Private Client Services Inc. now owns 6,393 shares of the company’s stock valued at $839,000 after purchasing an additional 1,504 shares during the period. Rodgers Brothers Inc. bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $243,000. CreativeOne Wealth LLC raised its holdings in SPDR S&P Dividend ETF by 2.8% during the 1st quarter. CreativeOne Wealth LLC now owns 8,904 shares of the company’s stock worth $1,169,000 after buying an additional 241 shares during the period. Finally, Crewe Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 9.5% in the first quarter. Crewe Advisors LLC now owns 3,992 shares of the company’s stock valued at $524,000 after buying an additional 346 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.3 %

Shares of SDY stock traded up $0.40 during trading hours on Tuesday, hitting $134.34. 147,734 shares of the company were exchanged, compared to its average volume of 321,533. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $134.55. The business has a 50 day moving average of $129.30 and a two-hundred day moving average of $127.74. The company has a market capitalization of $21.25 billion, a PE ratio of 19.72 and a beta of 0.68.

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.