Berkshire Bank Sells 469 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Berkshire Bank cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.5% in the 1st quarter, Holdings Channel reports. The firm owned 4,012 shares of the company’s stock after selling 469 shares during the period. Berkshire Bank’s holdings in SPDR S&P Dividend ETF were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Inscription Capital LLC bought a new stake in SPDR S&P Dividend ETF during the first quarter worth $829,000. Stephens Consulting LLC lifted its stake in SPDR S&P Dividend ETF by 12.7% during the first quarter. Stephens Consulting LLC now owns 895 shares of the company’s stock worth $121,000 after purchasing an additional 101 shares during the last quarter. Precedent Wealth Partners LLC lifted its stake in SPDR S&P Dividend ETF by 18.1% during the first quarter. Precedent Wealth Partners LLC now owns 76,561 shares of the company’s stock worth $10,388,000 after purchasing an additional 11,760 shares during the last quarter. Sowell Financial Services LLC bought a new stake in SPDR S&P Dividend ETF during the first quarter worth $598,000. Finally, Traphagen Investment Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the first quarter worth $271,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $135.20 on Tuesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. The stock has a fifty day moving average of $132.52 and a 200-day moving average of $133.78.

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.