Providence Financial Advisors LLC Buys New Shares in SPDR S&P Dividend ETF $SDY

Providence Financial Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,133 shares of the company’s stock, valued at approximately $579,000. SPDR S&P Dividend ETF accounts for 0.6% of Providence Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. CVA Family Office LLC increased its stake in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after buying an additional 75 shares during the period. Flagship Wealth Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $29,000. Global Wealth Strategies & Associates lifted its position in shares of SPDR S&P Dividend ETF by 985.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Finally, Total Investment Management Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $43,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $155.25 on Monday. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $156.06. The firm has a market capitalization of $22.01 billion, a PE ratio of 19.85 and a beta of 0.79. The business’s fifty day moving average price is $144.82 and its 200 day moving average price is $141.24.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.