Baltimore Washington Financial Advisors Inc. Grows Position in SPDR S&P Dividend ETF $SDY

Baltimore Washington Financial Advisors Inc. lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,402 shares of the company’s stock after purchasing an additional 844 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned 0.11% of SPDR S&P Dividend ETF worth $22,179,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blueprint Financial Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the second quarter valued at $3,225,000. J.W. Cole Advisors Inc. grew its position in shares of SPDR S&P Dividend ETF by 116.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 63,226 shares of the company’s stock valued at $8,582,000 after acquiring an additional 34,071 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 13,473.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 25,653 shares of the company’s stock valued at $3,482,000 after purchasing an additional 25,464 shares in the last quarter. RiverFront Investment Group LLC increased its stake in shares of SPDR S&P Dividend ETF by 9.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 2,267 shares of the company’s stock valued at $308,000 after purchasing an additional 200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 19.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 200,793 shares of the company’s stock worth $27,254,000 after purchasing an additional 32,919 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.6%

Shares of SDY opened at $140.18 on Thursday. The firm has a market cap of $20.16 billion, a P/E ratio of 19.85 and a beta of 0.79. The stock’s 50 day moving average is $138.61 and its two-hundred day moving average is $138.04. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45.

SPDR S&P Dividend ETF Company 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.