2,362 Shares in SPDR S&P Dividend ETF (SDY) Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC bought a new stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,362 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tufton Capital Management raised its position in shares of SPDR S&P Dividend ETF by 4.7% in the fourth quarter. Tufton Capital Management now owns 11,724 shares of the company’s stock valued at $1,108,000 after buying an additional 525 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of SPDR S&P Dividend ETF by 10.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 6,913 shares of the company’s stock valued at $653,000 after buying an additional 656 shares during the last quarter. Hourglass Capital LLC raised its position in shares of SPDR S&P Dividend ETF by 12.3% in the fourth quarter. Hourglass Capital LLC now owns 6,230 shares of the company’s stock valued at $589,000 after buying an additional 680 shares during the last quarter. Parallel Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 14,860 shares of the company’s stock valued at $1,404,000 after buying an additional 690 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of SPDR S&P Dividend ETF by 16.7% in the fourth quarter. Advisory Services Network LLC now owns 4,956 shares of the company’s stock valued at $468,000 after buying an additional 708 shares during the last quarter.

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Shares of NYSEARCA SDY opened at $89.77 on Friday. SPDR S&P Dividend ETF has a 52 week low of $86.38 and a 52 week high of $98.29.

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.

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