Compass Wealth Management LLC Makes New $1.63 Million Investment in SPDR S&P Dividend ETF $SDY

Compass Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,624 shares of the company’s stock, valued at approximately $1,628,000.

Several other hedge funds also recently made changes to their positions in SDY. Brighton Jones LLC grew its position in SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 49.5% during the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after acquiring an additional 2,627 shares during the period. Sound Income Strategies LLC lifted its position in shares of SPDR S&P Dividend ETF by 8,039.0% during the 2nd quarter. Sound Income Strategies LLC now owns 3,337 shares of the company’s stock valued at $453,000 after acquiring an additional 3,296 shares during the period. HB Wealth Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.4% during the 2nd quarter. HB Wealth Management LLC now owns 85,543 shares of the company’s stock worth $11,611,000 after purchasing an additional 344 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 14.3% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 1,026 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the period. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.1%

SDY stock opened at $146.72 on Tuesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $147.71. The business has a 50-day simple moving average of $141.36 and a 200 day simple moving average of $140.01. The company has a market cap of $20.81 billion, a PE ratio of 19.85 and a beta of 0.79.

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