Arkadios Wealth Advisors Grows Stake in SPDR S&P Dividend ETF $SDY

Arkadios Wealth Advisors raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 24.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 25,266 shares of the company’s stock after acquiring an additional 5,043 shares during the quarter. Arkadios Wealth Advisors’ holdings in SPDR S&P Dividend ETF were worth $3,429,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Insight Inv LLC purchased a new position in SPDR S&P Dividend ETF in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth about $40,000. Private Wealth Asset Management LLC increased its position in shares of 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 worth $40,000 after acquiring an additional 274 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth about $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $137.12 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The stock’s 50-day simple moving average is $139.91 and its 200-day simple moving average is $137.04.

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.