Brighton Jones LLC Has $2.31 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Brighton Jones LLC lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,192 shares of the company’s stock after buying an additional 529 shares during the quarter. Brighton Jones LLC’s holdings in SPDR S&P Dividend ETF were worth $2,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SDY. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 0.6% in the first quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock valued at $313,308,000 after purchasing an additional 13,755 shares in the last quarter. Pathstone Holdings LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $94,819,000. Cetera Investment Advisers raised its stake in SPDR S&P Dividend ETF by 283.2% in 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 in the last quarter. MAI Capital Management raised its stake in SPDR S&P Dividend ETF by 1.4% in the first quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after purchasing an additional 7,095 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 427,206 shares of the company’s stock valued at $53,388,000 after purchasing an additional 3,328 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.2 %

SDY stock opened at $140.03 on Friday. The company has a market cap of $22.15 billion, a PE ratio of 19.72 and a beta of 0.68. The business has a 50-day simple moving average of $136.06 and a 200 day simple moving average of $131.20. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $142.14.

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.