Concurrent Investment Advisors LLC Raises Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Concurrent Investment Advisors LLC boosted its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 38.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,038 shares of the company’s stock after buying an additional 1,114 shares during the period. Concurrent Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDY. Vantage Financial Partners LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $453,000. Fisher Asset Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $406,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $204,000. TCG Advisory Services LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $283,000. Finally, National Bank of Canada FI boosted its holdings in SPDR S&P Dividend ETF by 0.3% in the 4th quarter. National Bank of Canada FI now owns 46,874 shares of the company’s stock worth $5,876,000 after acquiring an additional 144 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.8 %

SDY opened at $139.89 on Tuesday. The firm’s 50 day moving average is $132.59 and its 200-day moving average is $129.86. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $140.04. The firm has a market capitalization of $22.13 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.