Cary Street Partners Financial LLC Buys 4,003 Shares of SPDR S&P Dividend ETF $SDY

Cary Street Partners Financial LLC grew its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 37.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,703 shares of the company’s stock after buying an additional 4,003 shares during the quarter. Cary Street Partners Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $2,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Compass Financial Services Inc bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $29,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the third quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at $34,000. Syntax Research Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at $35,000. Finally, Capital Investment Counsel Inc bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $51,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $150.03 on Thursday. The stock has a market capitalization of $21.96 billion, a PE ratio of 19.85 and a beta of 0.71. The company’s 50-day moving average is $147.44 and its 200-day moving average is $146.05. SPDR S&P Dividend ETF has a 1 year low of $132.89 and a 1 year high of $156.39.

About SPDR S&P Dividend ETF

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.