SPDR S&P Dividend ETF $SDY Stock Position Decreased by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,215 shares of the company’s stock after selling 410 shares during the quarter. First Horizon Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Insight Inv LLC bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in SPDR S&P Dividend ETF during the second quarter valued at about $40,000. Private Wealth Asset Management LLC raised its holdings in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Briaud Financial Planning Inc bought a new position in SPDR S&P Dividend ETF during the first quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in SPDR S&P Dividend ETF during the first quarter valued at about $50,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $136.50 on Thursday. The stock’s 50 day simple moving average is $139.40 and its 200 day simple moving average is $137.30. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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.