Etfidea LLC Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Etfidea LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 30,530 shares of the company’s stock after selling 449 shares during the period. SPDR S&P Dividend ETF makes up 1.4% of Etfidea LLC’s holdings, making the stock its 20th biggest holding. Etfidea LLC’s holdings in SPDR S&P Dividend ETF were worth $4,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SDY. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Russell Investments Group Ltd. raised its stake in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $34,000. Finally, Assetmark Inc. raised its stake in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.4 %

SDY opened at $139.72 on Wednesday. The business has a 50 day moving average price of $140.72 and a two-hundred day moving average price of $134.99. The company has a market cap of $22.10 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $117.25 and a 52 week high of $144.06.

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.