SPDR S&P Dividend ETF $SDY Shares Sold by Jackson Grant Investment Advisers Inc.

Jackson Grant Investment Advisers Inc. trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% during the second quarter, Holdings Channel.com reports. The fund owned 171,313 shares of the company’s stock after selling 1,946 shares during the period. SPDR S&P Dividend ETF accounts for 8.5% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 3rd largest holding. Jackson Grant Investment Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $23,252,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SDY. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR S&P Dividend ETF by 350.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after buying an additional 245 shares in the last quarter. Crews Bank & Trust grew its holdings in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in SPDR S&P Dividend ETF during the first quarter worth $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the first quarter worth $50,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.9%

Shares of NYSEARCA:SDY opened at $139.33 on Monday. The company has a market capitalization of $20.39 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The stock’s fifty day simple moving average is $139.80 and its 200-day simple moving average is $135.78.

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.