Greenberg Financial Group Buys Shares of 22,603 SPDR S&P Dividend ETF $SDY

Greenberg Financial Group bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,603 shares of the company’s stock, valued at approximately $3,145,000. SPDR S&P Dividend ETF comprises 1.3% of Greenberg Financial Group’s holdings, making the stock its 16th largest holding.

A number of other hedge funds have also added to or reduced their stakes in SDY. Benjamin Edwards Inc. raised its stake in SPDR S&P Dividend ETF by 851.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after buying an additional 167,975 shares during the last quarter. UBS Group AG raised its stake in SPDR S&P Dividend ETF by 10.5% during the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in SPDR S&P Dividend ETF by 70.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after buying an additional 143,853 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in SPDR S&P Dividend ETF by 126.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after buying an additional 124,864 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares during the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $148.22 on Thursday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $156.39. The firm has a fifty day moving average price of $150.37 and a 200-day moving average price of $143.82. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 19.85 and a beta of 0.77.

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