Balefire LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 11.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 59,678 shares of the company’s stock after selling 8,076 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 1.4% of Balefire LLC’s investment portfolio, making the stock its 15th biggest holding. Balefire LLC’s holdings in SPDR S&P Dividend ETF were worth $8,742,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. Wedmont Private Capital boosted its holdings in SPDR S&P Dividend ETF by 1.3% in the third quarter. Wedmont Private Capital now owns 15,415 shares of the company’s stock valued at $2,303,000 after purchasing an additional 195 shares in the last quarter. Koenig Investment Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 10.0% during the third quarter. Koenig Investment Advisory LLC now owns 57,642 shares of the company’s stock worth $8,443,000 after purchasing an additional 5,263 shares in the last quarter. Cadent Capital Advisors LLC raised its stake in SPDR S&P Dividend ETF by 3.6% during the 3rd quarter. Cadent Capital Advisors LLC now owns 14,806 shares of the company’s stock worth $2,169,000 after acquiring an additional 521 shares in the last quarter. First Heartland Consultants Inc. lifted its position in SPDR S&P Dividend ETF by 4.5% in the third quarter. First Heartland Consultants Inc. now owns 2,339 shares of the company’s stock valued at $343,000 after acquiring an additional 100 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in SPDR S&P Dividend ETF by 7.6% in the third quarter. Apella Capital LLC now owns 3,653 shares of the company’s stock valued at $538,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Down 0.2%
NYSEARCA:SDY traded down $0.33 during mid-day trading on Friday, reaching $149.04. 182,563 shares of the stock were exchanged, compared to its average volume of 236,903. The company has a 50 day simple moving average of $153.84 and a 200-day simple moving average of $151.44. The stock has a market capitalization of $20.72 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $160.29.
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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Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
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