Etfidea LLC Sells 1,054 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Etfidea LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,979 shares of the company’s stock after selling 1,054 shares during the period. SPDR S&P Dividend ETF comprises about 1.3% of Etfidea LLC’s investment portfolio, making the stock its 20th largest holding. Etfidea LLC’s holdings in SPDR S&P Dividend ETF were worth $3,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. grew its holdings in SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $30,000. Farmers & Merchants Investments Inc. acquired a new stake in SPDR S&P Dividend ETF during the first quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. raised its stake in SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.4 %

NYSEARCA SDY opened at $141.10 on Friday. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $142.14. The firm’s 50 day simple moving average is $135.87 and its 200 day simple moving average is $131.11.

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.