Wolff Financial Management LLC Purchases 4,763 Shares of SPDR S&P Dividend ETF $SDY

Wolff Financial Management LLC raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,116 shares of the company’s stock after buying an additional 4,763 shares during the quarter. SPDR S&P Dividend ETF accounts for 8.3% of Wolff Financial Management LLC’s holdings, making the stock its 4th biggest holding. Wolff Financial Management LLC’s holdings in SPDR S&P Dividend ETF were worth $32,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. lifted its position in shares of SPDR S&P Dividend ETF by 1.5% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after acquiring an additional 1,491 shares during the period. Gunma Bank Ltd. lifted its position in shares of SPDR S&P Dividend ETF by 27.3% during the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock valued at $8,860,000 after acquiring an additional 14,000 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $2,010,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 370,787 shares of the company’s stock valued at $50,308,000 after acquiring an additional 1,962 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of SPDR S&P Dividend ETF by 29.0% during the 1st quarter. Jones Financial Companies Lllp now owns 331,634 shares of the company’s stock valued at $44,587,000 after acquiring an additional 74,616 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $139.38 on Wednesday. The stock has a fifty day moving average price of $139.73 and a 200-day moving average price of $135.63. The company has a market cap of $20.40 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45.

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.