Conservest Capital Advisors Inc. cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,437 shares of the company’s stock after selling 136 shares during the period. Conservest Capital Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,281,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SDY. Insight Inv LLC acquired a new position in SPDR S&P Dividend ETF in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in SPDR S&P Dividend ETF in the second quarter valued at $40,000. Private Wealth Asset Management LLC increased its stake in SPDR S&P Dividend ETF by 1,245.5% in the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Briaud Financial Planning Inc acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Stock Performance
NYSEARCA SDY opened at $139.59 on Friday. The firm has a market cap of $20.09 billion, a PE ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The firm’s fifty day moving average is $140.03 and its two-hundred day moving average is $136.74.
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.
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