Envestnet Asset Management Inc. Lowers Stake in SPDR S&P Dividend ETF $SDY

Envestnet Asset Management Inc. reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,211,883 shares of the company’s stock after selling 8,298 shares during the period. Envestnet Asset Management Inc. owned 0.83% of SPDR S&P Dividend ETF worth $164,489,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SDY. Brighton Jones LLC lifted its position in SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after acquiring an additional 14,829 shares during the period. Golden State Wealth Management LLC raised its holdings in SPDR S&P Dividend ETF by 8.1% in the first quarter. Golden State Wealth Management LLC now owns 8,241 shares of the company’s stock worth $1,118,000 after buying an additional 614 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in SPDR S&P Dividend ETF by 22.4% in the first quarter. Avidian Wealth Enterprises LLC now owns 1,979 shares of the company’s stock worth $268,000 after buying an additional 362 shares during the last quarter. Saxon Interests Inc. raised its holdings in SPDR S&P Dividend ETF by 8.3% in the first quarter. Saxon Interests Inc. now owns 5,535 shares of the company’s stock worth $751,000 after buying an additional 422 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in SPDR S&P Dividend ETF by 6.4% in the first quarter. Mather Group LLC. now owns 4,429 shares of the company’s stock worth $601,000 after buying an additional 268 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $138.93 on Wednesday. The stock has a market capitalization of $20.00 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The company has a 50-day simple moving average of $140.00 and a two-hundred day simple moving average of $136.98.

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.