SPDR S&P Dividend ETF $SDY Shares Purchased by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 105.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,836 shares of the company’s stock after buying an additional 19,916 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Insight Inv LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at $40,000. Private Wealth Asset Management LLC grew its holdings in SPDR S&P Dividend ETF by 1,245.5% in the second 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 last quarter. Briaud Financial Planning Inc purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.6%

SPDR S&P Dividend ETF stock opened at $140.18 on Thursday. The firm has a market capitalization of $20.16 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The firm’s 50-day simple moving average is $138.61 and its 200 day simple moving average is $138.04.

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.