Baltimore Washington Financial Advisors Inc. Increases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Baltimore Washington Financial Advisors Inc. grew its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,992 shares of the company’s stock after buying an additional 6,471 shares during the period. Baltimore Washington Financial Advisors Inc. owned approximately 0.09% of SPDR S&P Dividend ETF worth $20,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $31,000. JNBA Financial Advisors purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $32,000. Russell Investments Group Ltd. grew its stake in 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 buying an additional 127 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $34,000. Finally, Assetmark Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $142.31 on Friday. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06. The firm has a 50 day moving average price of $140.83 and a 200-day moving average price of $135.19.

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.