Park Avenue Securities LLC Acquires 1,551 Shares of SPDR S&P Dividend ETF $SDY

Park Avenue Securities LLC raised its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,458 shares of the company’s stock after purchasing an additional 1,551 shares during the quarter. Park Avenue Securities LLC’s holdings in SPDR S&P Dividend ETF were worth $1,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR S&P Dividend ETF by 350.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after acquiring an additional 245 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $44,000. Crews Bank & Trust raised its stake in shares of SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Finally, Briaud Financial Planning Inc bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $45,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.6%

Shares of NYSEARCA SDY opened at $138.03 on Friday. The business has a fifty day simple moving average of $139.78 and a two-hundred day simple moving average of $135.72. The firm has a market cap of $20.20 billion, a PE ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45.

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.