Destiny Wealth Partners LLC Grows Holdings in SPDR S&P Dividend ETF $SDY

Destiny Wealth Partners LLC increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 69,821 shares of the company’s stock after purchasing an additional 933 shares during the period. SPDR S&P Dividend ETF makes up approximately 1.3% of Destiny Wealth Partners LLC’s investment portfolio, making the stock its 27th largest position. Destiny Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $9,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 350.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after buying an additional 245 shares during the period. Crews Bank & Trust lifted its stake in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. Ameriflex Group Inc. purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $44,000. Finally, Briaud Financial Planning Inc acquired a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $138.03 on Friday. The firm has a market capitalization of $20.20 billion, a PE ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The firm’s 50-day moving average is $139.78 and its two-hundred day moving average is $135.72.

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.