ZWJ Investment Counsel Inc. Grows Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

ZWJ Investment Counsel Inc. increased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,494 shares of the company’s stock after purchasing an additional 106 shares during the period. ZWJ Investment Counsel Inc.’s holdings in SPDR S&P Dividend ETF were worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDY. Frazier Financial Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth $27,000. Riggs Asset Managment Co. Inc. raised its holdings in SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at about $30,000. Farmers & Merchants Investments Inc. acquired a new position in SPDR S&P Dividend ETF during the 1st quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. raised its position in SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock traded down $0.10 during midday trading on Tuesday, reaching $136.27. The company’s stock had a trading volume of 87,784 shares, compared to its average volume of 316,507. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $136.48. The firm has a market capitalization of $21.56 billion, a PE ratio of 19.72 and a beta of 0.68. The stock’s 50 day simple moving average is $130.66 and its 200 day simple moving average is $128.81.

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.