MidAtlantic Capital Management Inc. Makes New $352,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

MidAtlantic Capital Management Inc. bought a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,479 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds have also added to or reduced their stakes in SDY. Capital Performance Advisors LLP bought a new stake in SPDR S&P Dividend ETF in the third quarter worth $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at $32,000. Russell Investments Group Ltd. lifted its holdings in shares of SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at $34,000. Finally, Assetmark Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $139.67 on Monday. The company has a market cap of $22.10 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $117.25 and a 1 year high of $144.06. The stock’s fifty day moving average price is $140.68 and its 200-day moving average price is $134.82.

SPDR S&P Dividend ETF Company 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.