Baltimore Washington Financial Advisors Inc. Acquires 6,471 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Baltimore Washington Financial Advisors Inc. boosted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 146,992 shares of the company’s stock after acquiring an additional 6,471 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $20,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coston McIsaac & Partners raised its holdings in SPDR S&P Dividend ETF by 0.5% during the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock valued at $2,058,000 after buying an additional 72 shares during the last quarter. Marshall Financial Group LLC raised its holdings in SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after buying an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock valued at $1,861,000 after buying an additional 73 shares during the last quarter. WealthBridge Capital Management LLC raised its holdings in SPDR S&P Dividend ETF by 1.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock valued at $595,000 after buying an additional 75 shares during the last quarter. Finally, M3 Advisory Group LLC raised its holdings in SPDR S&P Dividend ETF by 2.1% in the 3rd quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after purchasing an additional 76 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.7 %

Shares of NYSEARCA SDY opened at $142.31 on Friday. SPDR S&P Dividend ETF has a 12 month low of $118.33 and a 12 month high of $144.06. The firm has a market capitalization of $22.51 billion, a PE ratio of 19.72 and a beta of 0.68. The firm has a fifty day simple moving average of $140.83 and a two-hundred day simple moving average of $135.19.

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.