Farther Finance Advisors LLC Acquires 5,563 Shares of SPDR S&P Dividend ETF $SDY

Farther Finance Advisors LLC increased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 89.5% during the third quarter, HoldingsChannel reports. The fund owned 11,776 shares of the company’s stock after acquiring an additional 5,563 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,649,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Park Avenue Securities LLC increased its holdings in SPDR S&P Dividend ETF by 15.7% during the 2nd quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock worth $1,555,000 after acquiring an additional 1,551 shares during the period. Novem Group boosted its holdings in SPDR S&P Dividend ETF by 0.3% in the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after purchasing an additional 100 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at $494,000. Beacon Investment Advisory Services Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 16.2% in the second quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after purchasing an additional 400 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 2.3% in the second quarter. Johnson Investment Counsel Inc. now owns 29,255 shares of the company’s stock worth $3,971,000 after purchasing an additional 665 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $140.35 on Friday. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $143.49. The stock has a fifty day moving average of $139.06 and a 200 day moving average of $138.89.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.