Verdence Capital Advisors LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Verdence Capital Advisors LLC lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 32.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,916 shares of the company’s stock after selling 4,286 shares during the period. Verdence Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,114,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in SPDR S&P Dividend ETF in the 1st quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $27,000. Friedenthal Financial bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $29,000. Live Oak Investment Partners bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $36,000.

SPDR S&P Dividend ETF Stock Up 0.9 %

Shares of NYSEARCA SDY opened at $126.79 on Monday. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The business has a 50-day simple moving average of $127.13 and a two-hundred day simple moving average of $122.34. The company has a market cap of $20.17 billion, a P/E ratio of 19.41 and a beta of 0.73.

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.