Sumitomo Mitsui Financial Group Inc. Trims Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sumitomo Mitsui Financial Group Inc. reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 19,337 shares of the company’s stock after selling 902 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,554,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Avion Wealth increased its holdings in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $31,000. Noble Wealth Management PBC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth about $32,000. Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $125.88 on Monday. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 20.96 and a beta of 0.80. The business has a fifty day moving average price of $135.08 and a 200-day moving average price of $137.14. SPDR S&P Dividend ETF has a one year low of $123.10 and a one year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

SPDR S&P Dividend ETF Company 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.