Harbour Trust & Investment Management Co Decreases Stock Holdings in SPDR S&P Dividend ETF $SDY

Harbour Trust & Investment Management Co decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% during the second quarter, Holdings Channel.com reports. The fund owned 9,131 shares of the company’s stock after selling 130 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in SPDR S&P Dividend ETF were worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its position in shares of SPDR S&P Dividend ETF by 22.7% in the second quarter. Astoria Portfolio Advisors LLC. now owns 5,359 shares of the company’s stock valued at $748,000 after acquiring an additional 993 shares during the period. MGO One Seven LLC increased its position in shares of SPDR S&P Dividend ETF by 0.8% in the second quarter. MGO One Seven LLC now owns 17,151 shares of the company’s stock valued at $2,328,000 after acquiring an additional 137 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of SPDR S&P Dividend ETF by 2.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 5,026 shares of the company’s stock valued at $682,000 after acquiring an additional 113 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at about $494,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 35.5% in the second quarter. Concurrent Investment Advisors LLC now owns 23,637 shares of the company’s stock valued at $3,208,000 after acquiring an additional 6,187 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.4%

SDY stock opened at $138.03 on Tuesday. The firm’s 50-day moving average price is $140.00 and its two-hundred day moving average price is $136.14. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.