Addison Capital Co Cuts Stake in SPDR S&P Dividend ETF $SDY

Addison Capital Co lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,757 shares of the company’s stock after selling 277 shares during the period. Addison Capital Co’s holdings in SPDR S&P Dividend ETF were worth $781,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR S&P Dividend ETF by 350.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock valued at $43,000 after acquiring an additional 245 shares in the last quarter. Crews Bank & Trust increased its holdings in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. Ameriflex Group Inc. purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth about $44,000. Briaud Financial Planning Inc acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $139.58 on Thursday. The business has a 50-day simple moving average of $139.57 and a 200-day simple moving average of $135.56. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a market cap of $20.43 billion, a PE ratio of 19.85 and a beta of 0.86.

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.