Miracle Mile Advisors LLC Purchases 55,096 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Miracle Mile Advisors LLC lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2,949.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,964 shares of the company’s stock after acquiring an additional 55,096 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $7,476,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Natixis Advisors L.P. lifted its holdings in SPDR S&P Dividend ETF by 8.5% during the third quarter. Natixis Advisors L.P. now owns 12,958 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,014 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in SPDR S&P Dividend ETF by 44.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 786 shares of the company’s stock valued at $90,000 after purchasing an additional 243 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in SPDR S&P Dividend ETF by 2,230.8% during the third quarter. Qube Research & Technologies Ltd now owns 47,058 shares of the company’s stock valued at $5,412,000 after purchasing an additional 45,039 shares during the last quarter. Waverly Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the third quarter valued at about $499,000. Finally, Peterson Wealth Management lifted its holdings in SPDR S&P Dividend ETF by 1.8% during the third quarter. Peterson Wealth Management now owns 78,908 shares of the company’s stock valued at $9,075,000 after purchasing an additional 1,412 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded down $1.23 during trading on Monday, hitting $125.95. 214,012 shares of the company’s stock traded hands, compared to its average volume of 333,381. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $132.49. The business has a 50 day moving average of $129.17 and a 200-day moving average of $126.92.

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.