M3 Advisory Group LLC Has $519,000 Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

M3 Advisory Group LLC raised its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,653 shares of the company’s stock after acquiring an additional 76 shares during the quarter. M3 Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $519,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SDY. Riggs Asset Managment Co. Inc. lifted its stake in SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 96 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth about $33,000. Russell Investments Group Ltd. lifted its stake in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $38,000.

SPDR S&P Dividend ETF Stock Down 0.1 %

Shares of NYSEARCA SDY traded down $0.09 during mid-day trading on Friday, reaching $143.08. 32,955 shares of the company were exchanged, compared to its average volume of 288,728. The company’s 50-day simple moving average is $139.30 and its 200-day simple moving average is $132.88. The stock has a market capitalization of $22.64 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $144.06.

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.