Stephens Inc. AR Sells 8,900 Shares of SPDR S&P Dividend ETF $SDY

Stephens Inc. AR lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,634 shares of the company’s stock after selling 8,900 shares during the quarter. Stephens Inc. AR’s holdings in SPDR S&P Dividend ETF were worth $1,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the period. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 4.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares during the period. UBS Group AG raised its stake in SPDR S&P Dividend ETF by 10.5% during the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after buying an additional 165,053 shares during the period. MAI Capital Management raised its stake in SPDR S&P Dividend ETF by 0.7% during the 3rd quarter. MAI Capital Management now owns 772,382 shares of the company’s stock worth $108,172,000 after buying an additional 5,300 shares during the period. Finally, Pathstone Holdings LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 768,592 shares of the company’s stock worth $107,641,000 after purchasing an additional 8,380 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.0%

Shares of SDY opened at $147.75 on Wednesday. SPDR S&P Dividend ETF has a 12-month low of $131.96 and a 12-month high of $156.39. The business’s fifty day moving average is $147.43 and its 200 day moving average is $145.51. The stock has a market cap of $21.62 billion, a P/E ratio of 19.85 and a beta of 0.71.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.