SPDR S&P Dividend ETF $SDY Stock Purchased by Koenig Investment Advisory LLC

Koenig Investment Advisory LLC boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,642 shares of the company’s stock after purchasing an additional 5,263 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 5.8% of Koenig Investment Advisory LLC’s investment portfolio, making the stock its 9th largest position. Koenig Investment Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $8,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Markowski Investments purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth $28,000. Park National Corp OH purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter worth about $28,000. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new position in SPDR S&P Dividend ETF during the first quarter worth about $34,000. Finally, Evergreen Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the first quarter worth about $53,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.3%

SDY stock traded down $0.42 during mid-day trading on Friday, reaching $148.94. The company’s stock had a trading volume of 120,213 shares, compared to its average volume of 236,551. The stock has a market cap of $20.71 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The company’s 50 day moving average is $153.96 and its two-hundred day moving average is $151.45.

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.