Regent Peak Wealth Advisors LLC Takes Position in SPDR S&P Dividend ETF $SDY

Regent Peak Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 98,285 shares of the company’s stock, valued at approximately $13,765,000. SPDR S&P Dividend ETF accounts for 2.7% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Insight Inv LLC bought a new position in SPDR S&P Dividend ETF in the second quarter worth approximately $27,000. Global Wealth Strategies & Associates raised its position in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth $40,000. Private Wealth Asset Management LLC grew its position in SPDR S&P Dividend ETF by 1,245.5% in the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at $43,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.5%

SDY opened at $140.36 on Friday. The company’s fifty day moving average price is $139.04 and its two-hundred day moving average price is $138.84. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $143.49. The company has a market cap of $20.18 billion, a price-to-earnings 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.