Novem Group Grows Stock Holdings in SPDR S&P Dividend ETF $SDY

Novem Group lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,191 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Novem Group’s holdings in SPDR S&P Dividend ETF were worth $3,962,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Summit X LLC boosted its stake in SPDR S&P Dividend ETF by 4.2% in the first quarter. Summit X LLC now owns 1,932 shares of the company’s stock worth $262,000 after buying an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.5% during the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after acquiring an additional 78 shares in the last quarter. Wealth Advisory Solutions LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after acquiring an additional 78 shares during the last quarter. Focus Financial Network Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after purchasing an additional 81 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 2.1% during the 1st quarter. Jacobi Capital Management LLC now owns 4,195 shares of the company’s stock valued at $569,000 after purchasing an additional 85 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Down 0.6%

Shares of NYSEARCA:SDY opened at $138.03 on Friday. The stock has a market cap of $20.20 billion, a PE ratio of 19.85 and a beta of 0.86. The company’s fifty day moving average is $139.78 and its 200 day 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.

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.