SPDR S&P Dividend ETF $SDY Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,660 shares of the company’s stock after acquiring an additional 334 shares during the period. GAMMA Investing LLC’s holdings in SPDR S&P Dividend ETF were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at approximately $40,000. Thurston Springer Miller Herd & Titak Inc. increased its position 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 purchasing an additional 245 shares during the last quarter. Crews Bank & Trust raised its holdings in shares of SPDR S&P Dividend ETF by 98.2% in the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth $45,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth $50,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.9%

Shares of SDY stock opened at $139.33 on Friday. The company has a market cap of $20.39 billion, a P/E ratio of 19.85 and a beta of 0.86. The firm has a fifty day moving average price of $139.80 and a 200 day moving average price of $135.74. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 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.