Benjamin Edwards Inc. Acquires New Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Posted by Anthony Miller on Dec 5th, 2024

Benjamin Edwards Inc. acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,148 shares of the company’s stock, valued at approximately $2,721,000.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $32,000. Opal Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $34,000. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after buying an additional 167 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.4 %

NYSEARCA SDY opened at $141.50 on Thursday. The stock’s 50-day moving average price is $141.21 and its 200-day moving average price is $135.85. SPDR S&P Dividend ETF has a 52 week low of $120.58 and a 52 week high of $144.45. The company has a market capitalization of $22.39 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company Profile

(Free Report)

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.