Retirement Investment Advisors Inc. Takes Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Retirement Investment Advisors Inc. bought a new stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,279 shares of the company’s stock, valued at approximately $2,198,000. SPDR S&P Dividend ETF comprises 0.3% of Retirement Investment Advisors Inc.’s holdings, making the stock its 16th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Securities Inc. boosted its stake in shares of 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 during the last quarter. LRI Investments LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at approximately $492,000. TD Capital Management LLC boosted its stake in shares of SPDR S&P Dividend ETF by 50.6% during the 4th quarter. TD Capital Management LLC now owns 780 shares of the company’s stock valued at $97,000 after buying an additional 262 shares during the last quarter. GM Advisory Group LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $255,000. Finally, Roundview Capital LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $215,000.

SPDR S&P Dividend ETF Trading Up 0.4 %

SPDR S&P Dividend ETF stock opened at $141.10 on Friday. The stock has a 50 day moving average of $135.87 and a 200-day moving average of $131.11. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $142.14. The stock has a market cap of $22.32 billion, a P/E 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.