Advisor Resource Council Makes New $1.01 Million Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Advisor Resource Council bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, HoldingsChannel.com reports. The firm bought 7,114 shares of the company’s stock, valued at approximately $1,010,000.

Other large investors have also recently modified their holdings of the company. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at $32,000. Russell Investments Group Ltd. raised its position in shares of SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at about $34,000. Strategic Investment Solutions Inc. IL increased its position in SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth approximately $38,000.

SPDR S&P Dividend ETF Stock Up 1.2 %

Shares of NYSEARCA SDY opened at $140.96 on Thursday. SPDR S&P Dividend ETF has a twelve month low of $113.20 and a twelve month high of $144.06. The stock’s 50 day moving average price is $140.45 and its 200-day moving average price is $134.14. The company has a market capitalization of $22.30 billion, a PE ratio of 19.72 and a beta of 0.68.

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.