NewEdge Advisors LLC lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,946 shares of the company’s stock after selling 15,745 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $9,040,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of SDY. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF in the first quarter worth $28,000. Ankerstar Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $33,000. MBM Wealth Consultants LLC purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $34,000. Syntax Research Inc. purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth about $35,000. Finally, Core Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $35,000. 43.42% of the stock is owned by institutional investors.
SPDR S&P Dividend ETF Price Performance
SDY stock opened at $157.83 on Monday. The firm has a market capitalization of $23.90 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $160.29. The stock has a 50-day simple moving average of $153.25 and a two-hundred day simple moving average of $150.70.
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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