Mather Group LLC. Has $380,000 Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mather Group LLC. increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) by 65.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,412 shares of the company’s stock after buying an additional 1,353 shares during the period. Mather Group LLC.’s holdings in SPDR S&P Dividend ETF were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDY. Assetmark Inc. bought a new position in SPDR S&P Dividend ETF in the third quarter valued at approximately $112,686,000. First Republic Investment Management Inc. increased its stake in SPDR S&P Dividend ETF by 43.4% in the third quarter. First Republic Investment Management Inc. now owns 1,860,590 shares of the company’s stock valued at $207,456,000 after acquiring an additional 563,103 shares during the last quarter. Mizuho Bank Ltd. bought a new position in SPDR S&P Dividend ETF in the second quarter valued at approximately $45,102,000. Royal Bank of Canada grew its stake in shares of SPDR S&P Dividend ETF by 9.1% during the third quarter. Royal Bank of Canada now owns 2,496,331 shares of the company’s stock worth $278,341,000 after buying an additional 208,531 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of SPDR S&P Dividend ETF by 11.1% during the second quarter. Wells Fargo & Company MN now owns 1,928,292 shares of the company’s stock worth $228,869,000 after buying an additional 193,018 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $121.65 on Wednesday. The firm’s fifty day moving average price is $127.34 and its two-hundred day moving average price is $124.46. The stock has a market cap of $24.80 billion, a PE ratio of 14.72 and a beta of 0.86. SPDR S&P Dividend ETF has a fifty-two week low of $110.55 and a fifty-two week high of $133.22.

About SPDR S&P Dividend ETF

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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.