B. Riley Wealth Advisors Inc. Purchases New Shares in SPDR S&P Dividend ETF $SDY

B. Riley Wealth Advisors Inc. purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,021 shares of the company’s stock, valued at approximately $1,224,000.

A number of other large investors have also added to or reduced their stakes in the stock. Rebalance LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock worth $1,506,000 after acquiring an additional 76 shares during the last quarter. Wealth Advisory Solutions LLC lifted its stake in 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 valued at $351,000 after purchasing an additional 78 shares during the last quarter. Focus Financial Network Inc. boosted its position in SPDR S&P Dividend ETF by 0.5% in the second quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after buying an additional 81 shares in the last quarter. HTG Investment Advisors Inc. grew its stake in shares of SPDR S&P Dividend ETF by 2.6% during the second quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock worth $443,000 after buying an additional 82 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the second quarter. Daymark Wealth Partners LLC now owns 10,987 shares of the company’s stock worth $1,491,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

Shares of SDY stock opened at $142.01 on Tuesday. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The business’s 50-day moving average price is $138.81 and its 200-day moving average price is $138.58. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $143.49.

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.