Flaharty Asset Management LLC lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 91.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,573 shares of the company’s stock after selling 180,896 shares during the period. SPDR S&P Dividend ETF comprises about 3.7% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Flaharty Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,578,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Beacon Financial Strategies CORP bought a new position in SPDR S&P Dividend ETF in the second quarter valued at about $56,000. Elmwood Wealth Management Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $284,000. 180 Wealth Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $204,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $3,856,000. Finally, Bangor Savings Bank increased its position in shares of SPDR S&P Dividend ETF by 5.6% during the 2nd quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Up 0.6%
Shares of NYSEARCA:SDY opened at $157.83 on Friday. The stock has a market capitalization of $23.90 billion, a PE ratio of 19.85 and a beta of 0.69. The firm’s 50 day moving average price is $153.25 and its 200-day moving average price is $150.68. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29.
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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