44,883 Shares in SPDR S&P Dividend (NYSEARCA:SDY) Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management bought a new stake in shares of SPDR S&P Dividend (NYSEARCA:SDY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 44,883 shares of the company’s stock, valued at approximately $4,241,000.

Several other institutional investors have also added to or reduced their stakes in SDY. Stonehearth Capital Management LLC acquired a new stake in shares of SPDR S&P Dividend during the 4th quarter valued at approximately $100,000. Santori & Peters Inc. acquired a new stake in shares of SPDR S&P Dividend during the 4th quarter valued at approximately $102,000. G&S Capital LLC acquired a new stake in shares of SPDR S&P Dividend during the 4th quarter valued at approximately $138,000. Reilly Financial Advisors LLC raised its position in shares of SPDR S&P Dividend by 898.0% during the 4th quarter. Reilly Financial Advisors LLC now owns 1,996 shares of the company’s stock valued at $189,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Ford Financial Group Inc. acquired a new stake in shares of SPDR S&P Dividend during the 4th quarter valued at approximately $194,000.

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SDY stock opened at $90.58 on Friday. SPDR S&P Dividend has a 12-month low of $86.38 and a 12-month high of $98.29.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 19th were given a dividend of $0.5479 per share. This represents a $2.19 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, March 16th.

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About SPDR S&P Dividend

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.

Institutional Ownership by Quarter for SPDR S&P Dividend (NYSEARCA:SDY)

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