Flagship Harbor Advisors LLC increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,127 shares of the company’s stock after acquiring an additional 540 shares during the quarter. SPDR S&P Dividend ETF makes up about 1.0% of Flagship Harbor Advisors LLC’s holdings, making the stock its 12th biggest position. Flagship Harbor Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,983,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in SDY. We Are One Seven LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $26,000. Arbor Wealth Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $32,000. Reilly Financial Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 105.5% in the 4th quarter. Reilly Financial Advisors LLC now owns 411 shares of the company’s stock valued at $37,000 after acquiring an additional 211 shares during the period. Truvestments Capital LLC purchased a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $45,000. Finally, Pinnacle Bank purchased a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $46,000.
NYSEARCA:SDY traded down $0.19 during midday trading on Monday, reaching $101.10. The stock had a trading volume of 303,319 shares, compared to its average volume of 786,070. SPDR S&P Dividend ETF has a 12-month low of $84.28 and a 12-month high of $101.45.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were given a $0.5309 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%.
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About SPDR S&P Dividend ETF
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.
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