Madison Investment Advisors LLC Purchases Shares of 15,793 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Madison Investment Advisors LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,793 shares of the company’s stock, valued at approximately $2,086,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Natixis Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 23.3% during the third quarter. Natixis Advisors LLC now owns 28,194 shares of the company’s stock worth $4,005,000 after buying an additional 5,324 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth $132,000. Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth $41,000. Moors & Cabot Inc. increased its position in shares of SPDR S&P Dividend ETF by 40.6% during the third quarter. Moors & Cabot Inc. now owns 6,351 shares of the company’s stock worth $902,000 after buying an additional 1,835 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of SPDR S&P Dividend ETF by 44.7% during the third quarter. Citizens Financial Group Inc. RI now owns 20,060 shares of the company’s stock worth $2,849,000 after buying an additional 6,201 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.7 %

SDY opened at $134.20 on Friday. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45. The company has a fifty day moving average of $134.92 and a 200-day moving average of $137.57. The stock has a market cap of $19.97 billion, a PE ratio of 20.91 and a beta of 0.87.

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.