PPS&V Asset Management Consultants Inc. Boosts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

PPS&V Asset Management Consultants Inc. boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,573 shares of the company’s stock after buying an additional 295 shares during the period. SPDR S&P Dividend ETF accounts for 0.8% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 14th largest position. PPS&V Asset Management Consultants Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SDY. Oppenheimer & Co. Inc. grew its position in SPDR S&P Dividend ETF by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 48,043 shares of the company’s stock worth $6,110,000 after acquiring an additional 122 shares during the period. Thoroughbred Financial Services LLC raised its holdings in SPDR S&P Dividend ETF by 17.7% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,162 shares of the company’s stock valued at $1,165,000 after buying an additional 1,376 shares during the period. Prime Capital Investment Advisors LLC lifted its position in SPDR S&P Dividend ETF by 3.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 30,814 shares of the company’s stock valued at $3,919,000 after buying an additional 1,162 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in SPDR S&P Dividend ETF during the second quarter worth about $330,000. Finally, Black Diamond Financial LLC increased its position in shares of SPDR S&P Dividend ETF by 500.3% during the second quarter. Black Diamond Financial LLC now owns 43,147 shares of the company’s stock valued at $5,487,000 after acquiring an additional 35,959 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded up $1.21 during trading hours on Monday, hitting $129.95. The company had a trading volume of 295,685 shares, compared to its average volume of 476,746. The stock has a market capitalization of $20.56 billion, a PE ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average is $137.58 and its 200 day moving average is $136.89. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45.

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.