Darwin Wealth Management LLC Makes New $41,000 Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Darwin Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 285 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors have also modified their holdings of SDY. International Assets Investment Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the period. Cetera Investment Advisers grew its stake in shares of SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPDR S&P Dividend ETF by 114.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after buying an additional 194,290 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of SPDR S&P Dividend ETF by 4,418.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock valued at $11,280,000 after acquiring an additional 86,729 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $10,044,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $141.29 on Friday. SPDR S&P Dividend ETF has a 52 week low of $118.30 and a 52 week high of $144.06. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock’s 50 day moving average price is $140.79 and its two-hundred day moving average price is $135.06.

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.