SPDR S&P Dividend ETF $SDY is Lanham O Dell & Company Inc.’s 4th Largest Position

Lanham O Dell & Company Inc. grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 85.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,967 shares of the company’s stock after acquiring an additional 91,536 shares during the period. SPDR S&P Dividend ETF comprises approximately 8.9% of Lanham O Dell & Company Inc.’s portfolio, making the stock its 4th largest position. Lanham O Dell & Company Inc. owned 0.14% of SPDR S&P Dividend ETF worth $27,865,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Insight Inv LLC acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter worth $27,000. Global Wealth Strategies & Associates boosted its stake in shares of SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the period. Private Wealth Asset Management LLC increased its stake 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 buying an additional 274 shares during the period. Total Investment Management Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $43,000. Finally, Kilter Group LLC acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at approximately $48,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.8%

NYSEARCA SDY opened at $145.32 on Wednesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $146.92. The stock has a market capitalization of $20.64 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a 50 day moving average of $140.67 and a two-hundred day moving average of $139.77.

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.