Premier Path Wealth Partners LLC Grows Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Premier Path Wealth Partners LLC boosted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,196 shares of the company’s stock after buying an additional 228 shares during the period. Premier Path Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SDY. Secure Asset Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 6.0% in the 2nd quarter. Secure Asset Management LLC now owns 3,121 shares of the company’s stock worth $397,000 after purchasing an additional 176 shares during the period. Goldstein Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $224,000. My Legacy Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the second quarter valued at $761,000. &PARTNERS increased its position in shares of SPDR S&P Dividend ETF by 251.3% during the second quarter. &PARTNERS now owns 42,157 shares of the company’s stock worth $5,361,000 after purchasing an additional 30,158 shares in the last quarter. Finally, Precedent Wealth Partners LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the second quarter. Precedent Wealth Partners LLC now owns 60,427 shares of the company’s stock valued at $7,685,000 after purchasing an additional 483 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded up $1.13 during trading hours on Friday, hitting $138.24. The company had a trading volume of 137,546 shares, compared to its average volume of 314,984. The stock has a market capitalization of $21.87 billion, a PE ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average is $131.37 and its 200 day moving average is $129.12. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $138.54.

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.