Valmark Advisers Inc. Cuts Stock Holdings in SPDR S&P Dividend ETF $SDY

Valmark Advisers Inc. reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,616 shares of the company’s stock after selling 121 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDY. Joel Isaacson & Co. LLC boosted 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 worth $358,997,000 after buying an additional 86,679 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $10,216,000. Jones Financial Companies Lllp boosted its holdings in shares of SPDR S&P Dividend ETF by 29.0% in the 1st quarter. Jones Financial Companies Lllp now owns 331,634 shares of the company’s stock worth $44,587,000 after buying an additional 74,616 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 92.9% in the 1st quarter. Ieq Capital LLC now owns 97,042 shares of the company’s stock worth $13,167,000 after buying an additional 46,738 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 143.4% in the 1st quarter. Townsquare Capital LLC now owns 70,064 shares of the company’s stock worth $9,506,000 after buying an additional 41,273 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $140.40 on Thursday. The company’s 50-day moving average is $139.93 and its 200 day moving average is $136.04. The company has a market capitalization of $20.30 billion, a P/E 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.

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.