6,400 Shares in SPDR S&P Dividend ETF $SDY Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,400 shares of the company’s stock, valued at approximately $934,000.

Other hedge funds have also bought and sold shares of the company. Park National Corp OH acquired a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth $28,000. Ankerstar Wealth LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $33,000. MBM Wealth Consultants LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $34,000. Syntax Research Inc. purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $35,000. Finally, Core Wealth Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $35,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $158.53 on Friday. The stock has a 50-day moving average of $154.16 and a two-hundred day moving average of $151.08. The stock has a market cap of $24.00 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29.

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