Compass Wealth Management LLC Makes New Investment in SPDR S&P Dividend ETF $SDY

Compass Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,624 shares of the company’s stock, valued at approximately $1,628,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in SPDR S&P Dividend ETF by 125.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after acquiring an additional 7,179,596 shares during the period. Benjamin Edwards Inc. grew its position in shares of SPDR S&P Dividend ETF by 851.4% in the second quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after purchasing an additional 167,975 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of SPDR S&P Dividend ETF by 35.0% in the second quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock valued at $77,966,000 after purchasing an additional 148,984 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of SPDR S&P Dividend ETF by 70.0% during the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after purchasing an additional 143,853 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings 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 worth $425,298,000 after purchasing an additional 119,562 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY opened at $146.72 on Tuesday. The business has a fifty day simple moving average of $141.36 and a 200 day simple moving average of $140.01. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $147.71. The company has a market capitalization of $20.81 billion, a PE ratio of 19.85 and a beta of 0.79.

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.