Goldstein Advisors LLC Invests $224,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Goldstein Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,760 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Securities Inc. lifted its position in shares of SPDR S&P Dividend ETF by 7.9% during the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after acquiring an additional 922 shares during the last quarter. UBS Group AG lifted its stake in SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after acquiring an additional 67,304 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in SPDR S&P Dividend ETF by 9.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,512 shares of the company’s stock valued at $2,313,000 after acquiring an additional 1,669 shares in the last quarter. LRI Investments LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $492,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of SPDR S&P Dividend ETF by 13.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 4,713 shares of the company’s stock worth $589,000 after purchasing an additional 563 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.8 %

SDY stock traded up $1.08 during midday trading on Friday, reaching $138.19. The company had a trading volume of 130,702 shares, compared to its average volume of 314,942. The company has a 50 day moving average of $131.16 and a two-hundred day moving average of $129.01. The company has a market capitalization of $21.86 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $138.53.

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.