Whittier Trust Co. Reduces Position in SPDR S&P Dividend ETF $SDY

Whittier Trust Co. decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,557 shares of the company’s stock after selling 5,382 shares during the period. Whittier Trust Co.’s holdings in SPDR S&P Dividend ETF were worth $5,505,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Liberty One Investment Management LLC increased its position in SPDR S&P Dividend ETF by 0.7% during the second quarter. Liberty One Investment Management LLC now owns 18,179 shares of the company’s stock worth $2,467,000 after buying an additional 130 shares in the last quarter. Financial Perspectives Inc purchased a new position in SPDR S&P Dividend ETF during the second quarter worth $54,000. Princeton Global Asset Management LLC grew its position in shares of SPDR S&P Dividend ETF by 27.7% in the second quarter. Princeton Global Asset Management LLC now owns 2,082 shares of the company’s stock valued at $283,000 after purchasing an additional 451 shares during the period. Orin Green Financial LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at $207,000. Finally, Calamos Wealth Management LLC grew its position in shares of SPDR S&P Dividend ETF by 21.4% in the second quarter. Calamos Wealth Management LLC now owns 7,497 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,321 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.1%

Shares of NYSEARCA:SDY opened at $140.23 on Wednesday. The company has a market cap of $20.20 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The business has a fifty day simple moving average of $140.10 and a 200-day simple moving average of $136.38.

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.