Axxcess Wealth Management LLC Has $1.04 Million Holdings in SPDR S&P Dividend ETF $SDY

Axxcess Wealth Management LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,687 shares of the company’s stock after selling 125 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SDY. Rebalance LLC raised its position in shares of SPDR S&P Dividend ETF by 0.7% in the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares in the last quarter. Summit X LLC raised its position in shares of SPDR S&P Dividend ETF by 4.2% in the first quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after buying an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 0.5% in the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock valued at $1,941,000 after buying an additional 78 shares in the last quarter. Wealth Advisory Solutions LLC raised its position in shares of SPDR S&P Dividend ETF by 3.1% in the second quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after buying an additional 78 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in shares of SPDR S&P Dividend ETF by 0.5% in the second quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.9%

NYSEARCA SDY opened at $138.31 on Friday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The company has a 50 day moving average of $140.05 and a 200-day moving average of $136.20. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.