B. Riley Wealth Advisors Inc. Purchases 1,436 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

B. Riley Wealth Advisors Inc. increased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 24,280 shares of the company’s stock after acquiring an additional 1,436 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $112,686,000. First Republic Investment Management Inc. grew its stake in SPDR S&P Dividend ETF by 43.4% in the 3rd quarter. First Republic Investment Management Inc. now owns 1,860,590 shares of the company’s stock worth $207,456,000 after buying an additional 563,103 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $45,102,000. Royal Bank of Canada grew its stake in SPDR S&P Dividend ETF by 9.1% in the 3rd quarter. Royal Bank of Canada now owns 2,496,331 shares of the company’s stock worth $278,341,000 after buying an additional 208,531 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in SPDR S&P Dividend ETF by 11.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,928,292 shares of the company’s stock worth $228,869,000 after buying an additional 193,018 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $118.75 on Friday. SPDR S&P Dividend ETF has a one year low of $110.55 and a one year high of $133.22. The stock has a market cap of $24.21 billion, a PE ratio of 14.72 and a beta of 0.86. The firm has a 50 day simple moving average of $126.96 and a two-hundred day simple moving average of $124.36.

SPDR S&P Dividend ETF Company Profile

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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.