Ballast Advisors LLC Decreases Holdings in SPDR S&P Dividend ETF $SDY

Ballast Advisors LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,271 shares of the company’s stock after selling 185 shares during the period. Ballast Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rebalance LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the second quarter. Rebalance LLC now owns 11,098 shares of the company’s stock worth $1,506,000 after buying an additional 76 shares during the last quarter. Summit X LLC raised its holdings in shares of SPDR S&P Dividend ETF by 4.2% in the first quarter. Summit X LLC now owns 1,932 shares of the company’s stock worth $262,000 after buying an additional 77 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after buying an additional 78 shares during the last quarter. Wealth Advisory Solutions LLC raised its holdings in shares of SPDR S&P Dividend ETF by 3.1% in the second quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after buying an additional 78 shares during the last quarter. Finally, Focus Financial Network Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the second quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.1%

NYSEARCA SDY opened at $139.59 on Friday. The company has a fifty day simple moving average of $140.03 and a two-hundred day simple moving average of $136.74. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The stock has a market cap of $20.09 billion, a P/E 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.