Synovus Financial Corp Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Synovus Financial Corp cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDYFree Report) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,096 shares of the company’s stock after selling 44,476 shares during the period. Synovus Financial Corp’s holdings in SPDR S&P Dividend ETF were worth $5,960,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management grew its stake in shares of SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after acquiring an additional 505 shares during the period. Empowered Funds LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth approximately $67,000. Charles Schwab Investment Management Inc. bought a new stake in SPDR S&P Dividend ETF in the 4th quarter worth approximately $724,000. Franklin Resources Inc. raised its stake in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after buying an additional 1,222 shares during the last quarter. Finally, Aire Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $454,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $128.04 on Monday. The firm has a market capitalization of $19.01 billion, a P/E ratio of 20.96 and a beta of 0.80. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The business has a fifty day moving average of $133.80 and a 200 day moving average of $136.42.

About SPDR S&P Dividend ETF

(Free Report)

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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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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