Rebalance LLC Purchases 76 Shares of SPDR S&P Dividend ETF $SDY

Rebalance LLC grew its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,098 shares of the company’s stock after acquiring an additional 76 shares during the quarter. Rebalance LLC’s holdings in SPDR S&P Dividend ETF were worth $1,506,000 at the end of the most recent reporting period.

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

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $138.03 on Friday. The stock’s 50-day simple moving average is $139.78 and its 200 day simple moving average is $135.72. The company has a market cap of $20.20 billion, a P/E 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.