Trademark Financial Management LLC Invests $851,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Trademark Financial Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,993 shares of the company’s stock, valued at approximately $851,000.

Other hedge funds have also made changes to their positions in the company. JNBA Financial Advisors acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $32,000. Russell Investments Group Ltd. grew its holdings in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL raised its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at $38,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $140.96 on Thursday. The company has a market capitalization of $22.30 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm’s fifty day moving average price is $140.45 and its two-hundred day moving average price is $134.14. SPDR S&P Dividend ETF has a fifty-two week low of $113.20 and a fifty-two week high of $144.06.

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.