Fifth Third Bancorp Acquires 108,140 Shares of SPDR S&P Dividend ETF $SDY

Fifth Third Bancorp lifted its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1,558.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,078 shares of the company’s stock after purchasing an additional 108,140 shares during the period. Fifth Third Bancorp owned approximately 0.08% of SPDR S&P Dividend ETF worth $16,794,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the period. AQR Capital Management LLC lifted its holdings in SPDR S&P Dividend ETF by 49.5% during the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after acquiring an additional 2,627 shares in the last quarter. First Trust Advisors LP grew its position in shares of SPDR S&P Dividend ETF by 30.4% in the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after purchasing an additional 7,493 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after buying an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in SPDR S&P Dividend ETF by 4.0% in 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 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 $153.04 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $156.82. The stock has a 50-day simple moving average of $150.66 and a 200 day simple moving average of $149.02. The company has a market cap of $21.50 billion, a PE 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.