Pure Financial Advisors LLC Invests $356,000 in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pure Financial Advisors LLC acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,509 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors have also added to or reduced their stakes in SDY. Fifth Third Securities Inc. increased its position in SPDR S&P Dividend ETF by 7.9% during the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after buying an additional 922 shares in the last quarter. LRI Investments LLC purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at about $492,000. Choreo LLC increased its stake in SPDR S&P Dividend ETF by 6.7% during the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,276 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the second quarter worth about $199,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $42,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $138.18 on Monday. The company has a market capitalization of $21.86 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 $112.91 and a twelve month high of $144.06. The firm has a 50 day moving average of $140.39 and a 200 day moving average of $133.92.

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.