AMG National Trust Bank Decreases Stake in SPDR S&P Dividend ETF $SDY

AMG National Trust Bank cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,720 shares of the company’s stock after selling 670 shares during the period. AMG National Trust Bank’s holdings in SPDR S&P Dividend ETF were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Insight Inv LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $40,000. Private Wealth Asset Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 1,245.5% in the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth about $50,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Down 0.1%

SPDR S&P Dividend ETF stock opened at $137.22 on Friday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The firm’s 50-day simple moving average is $139.73 and its 200 day simple moving average is $137.15. The firm has a market capitalization of $19.75 billion, a PE ratio of 19.85 and a beta of 0.79.

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.