Oak Asset Management LLC Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Oak Asset Management LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,425 shares of the company’s stock after selling 900 shares during the quarter. Oak Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SDY. International Assets Investment Management LLC grew its position in SPDR S&P Dividend ETF by 10,945.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after purchasing an additional 1,124,197 shares during the period. Pathstone Holdings LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth $94,819,000. Legacy Financial Group LLC boosted its holdings in SPDR S&P Dividend ETF by 1,574.9% in the 1st quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after buying an additional 370,094 shares during the period. Comerica Bank bought a new position in SPDR S&P Dividend ETF in the 3rd quarter worth $17,485,000. Finally, Argent Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth $15,142,000.

SPDR S&P Dividend ETF Trading Down 0.1 %

Shares of NYSEARCA SDY opened at $127.18 on Monday. The firm’s 50-day moving average price is $129.17 and its 200-day moving average price is $126.92. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $132.49.

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.