Financial Planning Hawaii Inc. Invests $3.49 Million in SPDR S&P Dividend ETF $SDY

Financial Planning Hawaii Inc. acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,072 shares of the company’s stock, valued at approximately $3,489,000. SPDR S&P Dividend ETF makes up 2.0% of Financial Planning Hawaii Inc.’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also modified their holdings of SDY. CVA Family Office LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after buying an additional 75 shares during the period. Flagship Wealth Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after acquiring an additional 175 shares during the period. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Finally, Global Wealth Strategies & Associates lifted its position in SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after acquiring an additional 197 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.1%

SDY stock opened at $144.50 on Tuesday. The stock has a 50-day moving average price of $150.41 and a two-hundred day moving average price of $143.53. The stock has a market cap of $20.49 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.