Flaharty Asset Management LLC Lowers Stake in SPDR S&P Dividend ETF $SDY

Flaharty Asset Management LLC lessened its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report) by 7.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 198,530 shares of the company’s stock after selling 15,170 shares during the quarter. SPDR S&P Dividend ETF accounts for 3.4% of Flaharty Asset Management LLC’s holdings, making the stock its 10th largest holding. Flaharty Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $27,628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. UBS Group AG boosted its position in SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after purchasing an additional 165,053 shares during the period. MAI Capital Management boosted its position in SPDR S&P Dividend ETF by 0.7% during the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock worth $108,172,000 after purchasing an additional 5,300 shares during the period. Finally, Pathstone Holdings LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.1% in the third quarter. Pathstone Holdings LLC now owns 768,592 shares of the company’s stock worth $107,641,000 after purchasing an additional 8,380 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.3%

NYSEARCA SDY opened at $148.12 on Thursday. The company’s 50 day moving average is $147.37 and its 200-day moving average is $145.58. SPDR S&P Dividend ETF has a 12-month low of $131.96 and a 12-month high of $156.39. The firm has a market cap of $21.68 billion, a P/E ratio of 19.85 and a beta of 0.71.

About SPDR S&P Dividend ETF

(Free Report)

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.

Further Reading

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report).

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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