Dickmeyer Boyce Financial Management Inc. Purchases New Position in SPDR S&P Dividend ETF $SDY

Dickmeyer Boyce Financial Management Inc. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,497 shares of the company’s stock, valued at approximately $802,000.

Other large investors also recently added to or reduced their stakes in the company. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at approximately $28,000. Ankerstar Wealth LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth $34,000. MBM Wealth Consultants LLC bought a new position in SPDR S&P Dividend ETF during the first quarter valued at $34,000. Finally, Syntax Research Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $35,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Trading Down 0.3%

SPDR S&P Dividend ETF stock opened at $153.92 on Friday. The firm has a 50-day moving average price of $151.53 and a 200-day moving average price of $149.72. The firm has a market capitalization of $21.60 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $157.66.

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.