Robertson Stephens Wealth Management LLC Sells 434 Shares of SPDR S&P Dividend ETF $SDY

Robertson Stephens Wealth Management LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,694 shares of the company’s stock after selling 434 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $501,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at about $40,000. Crews Bank & Trust grew its stake in shares of SPDR S&P Dividend ETF by 98.2% in the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the period. Briaud Financial Planning Inc bought a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 1st quarter valued at about $50,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY opened at $137.47 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The firm’s 50-day simple moving average is $139.99 and its 200 day simple moving average is $136.11.

SPDR S&P Dividend ETF 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.