5,034 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Bought by ORG Partners LLC

ORG Partners LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,034 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $27,000. Riggs Asset Managment Co. Inc. lifted its position in SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares during the last quarter. Scarborough Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. bought a new position in SPDR S&P Dividend ETF during the first quarter valued at $33,000. Finally, Russell Investments Group Ltd. lifted its position in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY stock traded up $0.55 during trading on Thursday, hitting $134.59. 36,476 shares of the company’s stock traded hands, compared to its average volume of 318,620. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $136.03. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a fifty day simple moving average of $130.26 and a 200 day simple moving average of $128.54.

About SPDR S&P Dividend ETF

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.