J.Safra Asset Management Corp Has $48.52 Million Position in SPDR S&P Dividend ETF $SDY

J.Safra Asset Management Corp lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 358,708 shares of the company’s stock after purchasing an additional 4,406 shares during the period. SPDR S&P Dividend ETF accounts for 3.5% of J.Safra Asset Management Corp’s portfolio, making the stock its 11th largest position. J.Safra Asset Management Corp owned 0.24% of SPDR S&P Dividend ETF worth $48,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SDY. Insight Inv LLC bought a new position in SPDR S&P Dividend ETF in the second quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $40,000. Crews Bank & Trust boosted its position in shares of SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of SPDR S&P Dividend ETF during the first quarter worth $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter worth $50,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.4%

Shares of NYSEARCA SDY opened at $138.03 on Tuesday. The company’s fifty day moving average is $140.00 and its 200-day moving average is $136.14. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45.

SPDR S&P Dividend ETF Company 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.