Fortitude Family Office LLC Buys Shares of 3,418 SPDR S&P Dividend ETF (NYSEARCA:SDY)

Fortitude Family Office LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,418 shares of the company’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC raised its stake in SPDR S&P Dividend ETF by 11.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 8,964 shares of the company’s stock valued at $1,263,000 after purchasing an additional 911 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $211,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of SPDR S&P Dividend ETF by 4.3% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,953 shares of the company’s stock valued at $420,000 after buying an additional 121 shares during the last quarter. Alpha Financial Partners LLC purchased a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $646,000. Finally, Arkadios Wealth Advisors boosted its position in SPDR S&P Dividend ETF by 3.3% during the third quarter. Arkadios Wealth Advisors now owns 17,529 shares of the company’s stock worth $2,490,000 after acquiring an additional 564 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $140.37 on Tuesday. SPDR S&P Dividend ETF has a fifty-two week low of $110.31 and a fifty-two week high of $144.06. The company has a market capitalization of $22.21 billion, a PE ratio of 19.72 and a beta of 0.68. The stock has a fifty day moving average of $140.27 and a two-hundred day moving average of $133.54.

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.