Balefire LLC Grows Stock Position in SPDR S&P Dividend ETF $SDY

Balefire LLC lifted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 146.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 71,408 shares of the company’s stock after acquiring an additional 42,410 shares during the period. SPDR S&P Dividend ETF makes up 1.9% of Balefire LLC’s investment portfolio, making the stock its 6th largest position. Balefire LLC’s holdings in SPDR S&P Dividend ETF were worth $10,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. UBS Group AG raised its position in shares of SPDR S&P Dividend ETF by 10.5% during the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after acquiring an additional 165,053 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in SPDR S&P Dividend ETF by 70.0% in the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after purchasing an additional 143,853 shares during the period. Joel Isaacson & Co. LLC increased its stake in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. Raymond James Financial Inc. increased its stake in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of SPDR S&P Dividend ETF by 1,558.7% during the first quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock worth $16,794,000 after purchasing an additional 108,140 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $154.81 on Monday. The firm’s 50-day moving average is $151.02 and its 200-day moving average is $149.32. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $157.66. The company has a market cap of $21.74 billion, a P/E ratio of 19.85 and a beta of 0.69.

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.