549 Shares in SPDR S&P Dividend ETF (NYSEARCA:SDY) Purchased by Blume Capital Management Inc.

Blume Capital Management Inc. purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 549 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds also recently added to or reduced their stakes in the company. CKW Financial Group bought a new position in SPDR S&P Dividend ETF in the second quarter worth about $25,000. McIlrath & Eck LLC grew its stake in SPDR S&P Dividend ETF by 292.7% in the first quarter. McIlrath & Eck LLC now owns 216 shares of the company’s stock worth $25,000 after purchasing an additional 161 shares during the period. Providence Capital Advisors LLC grew its stake in SPDR S&P Dividend ETF by 154.5% in the second quarter. Providence Capital Advisors LLC now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 156 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth $32,000. Finally, Wagner Wealth Management LLC grew its stake in SPDR S&P Dividend ETF by 55.6% in the first quarter. Wagner Wealth Management LLC now owns 280 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares during the period.

NYSEARCA:SDY traded up $0.69 during mid-day trading on Wednesday, hitting $121.32. 31,621 shares of the company’s stock were exchanged, compared to its average volume of 476,571. SPDR S&P Dividend ETF has a one year low of $89.02 and a one year high of $128.90. The business has a fifty day moving average price of $123.33 and a 200 day moving average price of $122.31.

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.

Read More: Why Invest in High-Yield Dividend Stocks?

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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