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

Compass Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,624 shares of the company’s stock, valued at approximately $1,628,000.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of SPDR S&P Dividend ETF by 125.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after acquiring an additional 7,179,596 shares during the period. Benjamin Edwards Inc. increased its stake in SPDR S&P Dividend ETF by 851.4% in the second quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after purchasing an additional 167,975 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 35.0% during the second quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock valued at $77,966,000 after purchasing an additional 148,984 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of SPDR S&P Dividend ETF by 70.0% during the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after purchasing an additional 143,853 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $154.49 on Friday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.12. The company has a market cap of $21.91 billion, a PE ratio of 19.85 and a beta of 0.79. The stock has a 50-day moving average of $146.03 and a 200-day moving average of $141.67.

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.