Mather Group LLC. Boosts Position in SPDR S&P Dividend ETF $SDY

Mather Group LLC. grew its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,956 shares of the company’s stock after buying an additional 527 shares during the quarter. Mather Group LLC.’s holdings in SPDR S&P Dividend ETF were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Joel Isaacson & Co. LLC increased its position in SPDR S&P Dividend ETF by 1.7% in the first quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock worth $347,104,000 after buying an additional 41,613 shares in the last quarter. Royal Bank of Canada increased its position in SPDR S&P Dividend ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock worth $321,773,000 after buying an additional 20,594 shares in the last quarter. Commonwealth Equity Services LLC increased its position in SPDR S&P Dividend ETF by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock worth $150,952,000 after buying an additional 8,613 shares in the last quarter. Cetera Investment Advisers increased its position in SPDR S&P Dividend ETF by 0.6% in the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock worth $94,395,000 after buying an additional 3,830 shares in the last quarter. Finally, Elk River Wealth Management LLC increased its position in SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock worth $56,074,000 after buying an additional 2,487 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.6%

Shares of SDY opened at $138.03 on Friday. The business has a 50-day simple moving average of $139.78 and a two-hundred day simple moving average of $135.72. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45.

SPDR S&P Dividend ETF 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.