Goelzer Investment Management Inc. Makes New Investment in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Goelzer Investment Management Inc. bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,487 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDY. Park Avenue Securities LLC lifted its position in SPDR S&P Dividend ETF by 15.6% during the third quarter. Park Avenue Securities LLC now owns 7,782 shares of the company’s stock worth $1,105,000 after acquiring an additional 1,052 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $10,044,000. EP Wealth Advisors LLC boosted its position in SPDR S&P Dividend ETF by 12.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 38,491 shares of the company’s stock worth $4,895,000 after buying an additional 4,123 shares during the period. High Falls Advisors Inc lifted its holdings in shares of SPDR S&P Dividend ETF by 7.3% during the second quarter. High Falls Advisors Inc now owns 15,517 shares of the company’s stock worth $1,973,000 after purchasing an additional 1,057 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of SPDR S&P Dividend ETF by 4.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 9,762 shares of the company’s stock valued at $1,242,000 after buying an additional 439 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $140.86 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $142.62. The company has a 50 day simple moving average of $137.85 and a two-hundred day simple moving average of $132.15. The company has a market capitalization of $22.28 billion, a PE ratio of 19.72 and a beta of 0.68.

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.