Moors & Cabot Inc. Raises Holdings in SPDR S&P Dividend ETF $SDY

Moors & Cabot Inc. boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,298 shares of the company’s stock after acquiring an additional 958 shares during the quarter. Moors & Cabot Inc.’s holdings in SPDR S&P Dividend ETF were worth $990,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Insight Inv LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in SPDR S&P Dividend ETF during the second quarter worth $40,000. Private Wealth Asset Management LLC grew its position in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the period. Briaud Financial Planning Inc purchased a new position in SPDR S&P Dividend ETF in the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the first quarter valued at $50,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.3%

SDY stock opened at $136.08 on Friday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The firm has a market cap of $19.57 billion, a P/E ratio of 19.85 and a beta of 0.79. The company’s 50-day simple moving average is $139.30 and its 200-day simple moving average is $137.29.

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.