SPDR S&P Dividend ETF $SDY Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,685 shares of the company’s stock after selling 98 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $229,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Calamos Wealth Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 21.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 7,497 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,321 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 23,371 shares of the company’s stock worth $3,274,000 after acquiring an additional 122 shares during the period. Swmg LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $272,000. May Barnhard Investments LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 15.4% during the 2nd quarter. May Barnhard Investments LLC now owns 11,726 shares of the company’s stock worth $1,592,000 after acquiring an additional 1,568 shares during the period. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 3.3% during the 2nd quarter. Koshinski Asset Management Inc. now owns 4,419 shares of the company’s stock worth $600,000 after acquiring an additional 140 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $140.23 on Wednesday. The firm has a market cap of $20.20 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The firm’s 50-day simple moving average is $140.10 and its 200-day simple moving average is $136.38.

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.