Ransom Advisory Ltd Takes Position in SPDR S&P Dividend ETF $SDY

Ransom Advisory Ltd bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 5,065 shares of the company’s stock, valued at approximately $705,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp purchased a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at $5,486,000. Signal Advisors Wealth LLC purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at about $539,000. Canal Capital Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 106.8% during the second quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock valued at $1,130,000 after acquiring an additional 4,300 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in shares of SPDR S&P Dividend ETF by 0.5% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 163,402 shares of the company’s stock worth $22,179,000 after acquiring an additional 844 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in SPDR S&P Dividend ETF in the second quarter valued at about $1,224,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.5%

SDY stock opened at $145.87 on Friday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $156.39. The stock’s 50 day moving average is $150.51 and its two-hundred day moving average is $143.28. The company has a market capitalization of $20.68 billion, a PE ratio of 19.85 and a beta of 0.79.

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.