Smithfield Trust Co lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,394 shares of the company’s stock after selling 9,309 shares during the period. Smithfield Trust Co’s holdings in SPDR S&P Dividend ETF were worth $4,926,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Dara Capital US Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $509,000. HighTower Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 1.2% in the third quarter. HighTower Advisors LLC now owns 487,954 shares of the company’s stock worth $68,338,000 after purchasing an additional 5,687 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of SPDR S&P Dividend ETF by 71.9% in the third quarter. Focus Partners Advisor Solutions LLC now owns 9,820 shares of the company’s stock worth $1,365,000 after purchasing an additional 4,109 shares in the last quarter. M&T Bank Corp lifted its position in shares of SPDR S&P Dividend ETF by 8.0% in the fourth quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock worth $13,634,000 after purchasing an additional 7,228 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of SPDR S&P Dividend ETF by 126.6% in the third quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock worth $31,305,000 after purchasing an additional 124,864 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Performance
NYSEARCA SDY opened at $149.96 on Tuesday. The firm’s fifty day moving average price is $147.39 and its two-hundred day moving average price is $145.86. SPDR S&P Dividend ETF has a 1 year low of $131.96 and a 1 year high of $156.39. The firm has a market capitalization of $21.95 billion, a P/E ratio of 19.85 and a beta of 0.71.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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