May Barnhard Investments LLC Grows Stock Holdings in SPDR S&P Dividend ETF $SDY

May Barnhard Investments LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,726 shares of the company’s stock after buying an additional 1,568 shares during the period. May Barnhard Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mesirow Financial Investment Management Inc. grew its stake in SPDR S&P Dividend ETF by 1.5% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after buying an additional 1,491 shares in the last quarter. Novem Group grew its stake in SPDR S&P Dividend ETF by 0.3% in the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after buying an additional 100 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $494,000. Gunma Bank Ltd. grew its stake in SPDR S&P Dividend ETF by 27.3% in the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock valued at $8,860,000 after buying an additional 14,000 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its stake in SPDR S&P Dividend ETF by 16.2% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock valued at $389,000 after buying an additional 400 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

SDY opened at $139.25 on Friday. The company has a fifty day moving average price of $140.06 and a 200-day moving average price of $136.23. The firm has a market capitalization of $20.07 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year 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.