Beacon Investment Advisory Services Inc. Has $389,000 Stock Position in SPDR S&P Dividend ETF $SDY

Beacon Investment Advisory Services Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,863 shares of the company’s stock after acquiring an additional 400 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in SPDR S&P Dividend ETF were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SDY. Brighton Jones LLC raised its stake in shares of SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $44,000. Centaurus Financial Inc. raised its stake in shares of SPDR S&P Dividend ETF by 5.2% in the 4th quarter. Centaurus Financial Inc. now owns 3,990 shares of the company’s stock valued at $527,000 after purchasing an additional 198 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 368,825 shares of the company’s stock valued at $48,722,000 after buying an additional 5,103 shares during the last quarter. Finally, Chancellor Financial Group WB LP acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at approximately $214,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $138.03 on Friday. The business’s 50 day simple moving average is $139.78 and its 200 day simple moving average is $135.72. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The firm has a market cap of $20.20 billion, a PE ratio of 19.85 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.