Zhang Financial LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,732 shares of the company’s stock after selling 5,406 shares during the period. Zhang Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $1,215,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $34,000. Syntax Research Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $35,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Performance
Shares of SDY opened at $149.26 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $132.89 and a fifty-two week high of $156.39. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. The firm has a 50-day simple moving average of $147.51 and a 200-day simple moving average of $146.16.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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