Merit Financial Group LLC Acquires 2,508 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Merit Financial Group LLC grew its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,566 shares of the company’s stock after acquiring an additional 2,508 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Dividend ETF were worth $2,453,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SDY. Key Client Fiduciary Advisors LLC increased its stake in SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after buying an additional 1,222 shares during the period. CX Institutional increased its position in shares of SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after acquiring an additional 2,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR S&P Dividend ETF by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after acquiring an additional 2,705 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $3,488,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $133.77 on Monday. The business’s 50-day moving average price is $136.76 and its two-hundred day moving average price is $137.00. SPDR S&P Dividend ETF has a 1 year low of $121.52 and a 1 year high of $144.45. The company has a market capitalization of $21.16 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.