Shum Financial Group Inc. Takes $3.60 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Shum Financial Group Inc. acquired a new position in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 25,877 shares of the company’s stock, valued at approximately $3,604,000. SPDR S&P Dividend ETF accounts for about 3.0% of Shum Financial Group Inc.’s investment portfolio, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDY. Fifth Third Securities Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 7.9% in 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 during the period. Choreo LLC lifted its holdings in SPDR S&P Dividend ETF by 6.7% in the second quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after acquiring an additional 1,276 shares during the period. Bristlecone Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $199,000. Forbes Financial Planning Inc. grew its stake in shares of SPDR S&P Dividend ETF by 1.5% during the 2nd quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock worth $4,835,000 after purchasing an additional 568 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $34,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded down $0.21 during mid-day trading on Tuesday, reaching $143.31. 6,922 shares of the stock were exchanged, compared to its average volume of 277,285. The company has a market capitalization of $22.67 billion, a P/E ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average is $140.88 and its 200-day moving average is $135.32. SPDR S&P Dividend ETF has a 1 year low of $118.33 and a 1 year high of $144.06.

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.