Marshall Financial Group LLC Takes $251,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Marshall Financial Group LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,971 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $36,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $894,000. Palouse Capital Management Inc. bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $1,028,000. J.W. Cole Advisors Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 85.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock valued at $6,906,000 after buying an additional 25,430 shares during the period. Finally, Signaturefd LLC grew its position in shares of SPDR S&P Dividend ETF by 126.4% during the 4th quarter. Signaturefd LLC now owns 5,924 shares of the company’s stock valued at $740,000 after buying an additional 3,307 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.4 %

SDY opened at $135.71 on Monday. The company’s 50-day moving average price is $130.51 and its 200 day moving average price is $128.73. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $136.03. The firm has a market cap of $21.47 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.