Verdence Capital Advisors LLC Decreases Stake in SPDR S&P Dividend ETF $SDY

Verdence Capital Advisors LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,215 shares of the company’s stock after selling 177 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,251,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Insight Inv LLC bought a new stake in SPDR S&P Dividend ETF during the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $40,000. Crews Bank & Trust grew its stake in shares of SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $45,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $50,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $138.03 on Tuesday. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The stock’s 50 day moving average price is $140.00 and its 200-day moving average price is $136.14. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45.

SPDR S&P Dividend ETF 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.