SPDR S&P Dividend ETF $SDY Position Reduced by Ashford Advisors LLC

Ashford Advisors LLC cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 53.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,848 shares of the company’s stock after selling 2,152 shares during the period. SPDR S&P Dividend ETF comprises 0.1% of Ashford Advisors LLC’s holdings, making the stock its 14th largest position. Ashford Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $251,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Joel Isaacson & Co. LLC increased its holdings in shares of SPDR S&P Dividend ETF by 3.4% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after purchasing an additional 86,679 shares during the period. Royal Bank of Canada increased its holdings in shares of SPDR S&P Dividend ETF by 0.9% in the 1st quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after purchasing an additional 20,594 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after purchasing an additional 8,613 shares during the period. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the 1st quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after purchasing an additional 3,830 shares during the period. Finally, Elk River Wealth Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the 2nd quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after purchasing an additional 2,487 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $139.06 on Friday. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The business’s 50-day moving average is $139.97 and its 200-day moving average is $136.07.

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.