Summit Wealth Partners LLC Acquires New Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Summit Wealth Partners LLC bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,502 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. increased its position in SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares in the last quarter. Russell Investments Group Ltd. raised its position in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $34,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF in the second quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $138.16 on Friday. The company’s fifty day moving average price is $140.39 and its 200 day moving average price is $133.79. SPDR S&P Dividend ETF has a 1 year low of $112.91 and a 1 year high of $144.06. The company has a market capitalization of $21.86 billion, a PE ratio of 19.72 and a beta of 0.68.

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.