Addison Capital Co Lowers Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Addison Capital Co trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,025 shares of the company’s stock after selling 228 shares during the period. Addison Capital Co’s holdings in SPDR S&P Dividend ETF were worth $714,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SDY. Fisher Asset Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $385,000. NBC Securities Inc. grew its position in SPDR S&P Dividend ETF by 4.0% in the first quarter. NBC Securities Inc. now owns 2,811 shares of the company’s stock worth $368,000 after acquiring an additional 107 shares during the period. Marcum Wealth LLC grew its position in SPDR S&P Dividend ETF by 6.4% in the first quarter. Marcum Wealth LLC now owns 2,464 shares of the company’s stock worth $323,000 after acquiring an additional 148 shares during the period. Hyperion Partners LLC grew its position in SPDR S&P Dividend ETF by 3.3% in the first quarter. Hyperion Partners LLC now owns 168,621 shares of the company’s stock worth $22,130,000 after acquiring an additional 5,398 shares during the period. Finally, &PARTNERS purchased a new position in SPDR S&P Dividend ETF in the first quarter worth approximately $1,575,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $143.17 on Friday. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $144.06. The stock has a 50 day moving average of $139.30 and a 200 day moving average of $132.88.

SPDR S&P Dividend ETF 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.