Janney Montgomery Scott LLC Increases Stock Position in SPDR S&P Dividend ETF $SDY

Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 577,947 shares of the company’s stock after buying an additional 5,348 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR S&P Dividend ETF were worth $87,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. World Investment Advisors boosted its position in SPDR S&P Dividend ETF by 9.2% during the fourth quarter. World Investment Advisors now owns 80,205 shares of the company’s stock worth $11,161,000 after purchasing an additional 6,744 shares in the last quarter. M&T Bank Corp increased its position in shares of SPDR S&P Dividend ETF by 8.0% in the fourth quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock valued at $13,634,000 after buying an additional 7,228 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of SPDR S&P Dividend ETF by 121.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock valued at $2,458,000 after buying an additional 9,657 shares in the last quarter. Ticino Wealth acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $602,000. Finally, Churchill Financial Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $1,451,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $158.53 on Friday. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $160.29. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business’s 50 day moving average price is $154.16 and its 200-day moving average price is $151.08.

About SPDR S&P Dividend ETF

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.