Wetherby Asset Management Inc. Purchases 7,467 Shares of SPDR S&P Dividend ETF (SDY)
Wetherby Asset Management Inc. lifted its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 109.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,281 shares of the company’s stock after acquiring an additional 7,467 shares during the quarter. Wetherby Asset Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,419,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SDY. Bank of America Corp DE grew its stake in shares of SPDR S&P Dividend ETF by 37.3% during the fourth quarter. Bank of America Corp DE now owns 7,845,033 shares of the company’s stock worth $702,287,000 after purchasing an additional 2,131,995 shares during the period. Ellis Investment Partners LLC grew its stake in shares of SPDR S&P Dividend ETF by 9,850.3% during the first quarter. Ellis Investment Partners LLC now owns 850,451 shares of the company’s stock worth $850,000 after purchasing an additional 841,904 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $43,779,000. Suntrust Banks Inc. grew its stake in shares of SPDR S&P Dividend ETF by 27.5% during the fourth quarter. Suntrust Banks Inc. now owns 1,803,562 shares of the company’s stock worth $161,455,000 after purchasing an additional 389,347 shares during the period. Finally, BB&T Securities LLC grew its stake in shares of SPDR S&P Dividend ETF by 602.6% during the fourth quarter. BB&T Securities LLC now owns 437,679 shares of the company’s stock worth $39,180,000 after purchasing an additional 375,384 shares during the period.
Shares of SPDR S&P Dividend ETF stock traded up $0.15 during trading on Friday, reaching $98.49. 220,146 shares of the company were exchanged, compared to its average volume of 710,310. SPDR S&P Dividend ETF has a twelve month low of $84.28 and a twelve month high of $101.92.
ILLEGAL ACTIVITY WARNING: This news story was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://theolympiareport.com/2019/05/24/wetherby-asset-management-inc-purchases-7467-shares-of-spdr-sp-dividend-etf-sdy.html.
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.
Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY).
Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.