Keystone Financial Group Buys Shares of 2,104 SPDR S&P Dividend ETF (SDY)

Keystone Financial Group bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,104 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SDY. Bank of New York Mellon Corp increased its stake in shares of SPDR S&P Dividend ETF by 9.4% in the third quarter. Bank of New York Mellon Corp now owns 165,823 shares of the company’s stock worth $16,239,000 after buying an additional 14,202 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Dividend ETF by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 81,557 shares of the company’s stock worth $7,987,000 after buying an additional 7,660 shares during the period. Neuberger Berman Group LLC increased its stake in shares of SPDR S&P Dividend ETF by 51.7% in the third quarter. Neuberger Berman Group LLC now owns 20,467 shares of the company’s stock worth $2,004,000 after buying an additional 6,974 shares during the period. Morgan Stanley increased its stake in shares of SPDR S&P Dividend ETF by 2.7% in the third quarter. Morgan Stanley now owns 3,853,595 shares of the company’s stock worth $377,382,000 after buying an additional 101,324 shares during the period. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $54,000.

Shares of NYSEARCA SDY opened at $99.48 on Friday. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $101.92.

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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.

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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