Arete Wealth Advisors LLC Buys Shares of 8,646 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Arete Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,646 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. increased its holdings in SPDR S&P Dividend ETF by 1.3% in the first quarter. Vestmark Advisory Solutions Inc. now owns 7,392 shares of the company’s stock valued at $914,000 after buying an additional 96 shares in the last quarter. Kaydan Wealth Management Inc. increased its stake in shares of SPDR S&P Dividend ETF by 1.8% during the 1st quarter. Kaydan Wealth Management Inc. now owns 5,360 shares of the company’s stock worth $663,000 after purchasing an additional 97 shares in the last quarter. NorthRock Partners LLC increased its stake in shares of SPDR S&P Dividend ETF by 0.8% during the 1st quarter. NorthRock Partners LLC now owns 13,068 shares of the company’s stock worth $1,617,000 after purchasing an additional 100 shares in the last quarter. Heritage Financial Services LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.4% during the 1st quarter. Heritage Financial Services LLC now owns 7,000 shares of the company’s stock worth $866,000 after purchasing an additional 100 shares in the last quarter. Finally, VitalStone Financial LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.9% during the 1st quarter. VitalStone Financial LLC now owns 5,483 shares of the company’s stock worth $708,000 after purchasing an additional 102 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $121.51 on Friday. The firm has a 50 day simple moving average of $123.10 and a 200-day simple moving average of $122.51. SPDR S&P Dividend ETF has a 1-year low of $110.55 and a 1-year high of $132.50. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 14.72 and a beta of 0.86.

About SPDR S&P Dividend ETF

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.