SPDR S&P Dividend (NYSEARCA:SDY) Shares Bought by HPM Partners LLC

HPM Partners LLC increased its stake in SPDR S&P Dividend (NYSEARCA:SDY) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,187 shares of the company’s stock after acquiring an additional 994 shares during the period. HPM Partners LLC’s holdings in SPDR S&P Dividend were worth $490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Eldridge Investment Advisors Inc. purchased a new position in SPDR S&P Dividend during the 4th quarter valued at about $231,000. Destination Wealth Management increased its holdings in SPDR S&P Dividend by 1.3% during the 4th quarter. Destination Wealth Management now owns 734,705 shares of the company’s stock valued at $69,415,000 after purchasing an additional 9,754 shares during the period. San Francisco Sentry Investment Group CA increased its holdings in SPDR S&P Dividend by 12.6% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 8,656 shares of the company’s stock valued at $818,000 after purchasing an additional 966 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in SPDR S&P Dividend by 5.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 25,913 shares of the company’s stock valued at $2,448,000 after purchasing an additional 1,380 shares during the period. Finally, Nwam LLC increased its holdings in SPDR S&P Dividend by 3.9% during the 4th quarter. Nwam LLC now owns 22,802 shares of the company’s stock valued at $2,154,000 after purchasing an additional 852 shares during the period.

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Shares of NYSEARCA:SDY opened at $90.58 on Friday. SPDR S&P Dividend has a 1 year low of $86.38 and a 1 year high of $98.29.

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

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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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