Clarity Capital Partners LLC Lowers Stake in SPDR S&P Dividend ETF $SDY

Clarity Capital Partners LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,736 shares of the company’s stock after selling 440 shares during the quarter. Clarity Capital Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hilltop National Bank purchased a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at $114,000. TFG Advisers LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the 2nd quarter. TFG Advisers LLC now owns 11,868 shares of the company’s stock valued at $1,611,000 after purchasing an additional 104 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 4.2% during the 2nd quarter. Pure Financial Advisors LLC now owns 3,351 shares of the company’s stock valued at $455,000 after purchasing an additional 134 shares during the last quarter. Marino Stram & Associates LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1.4% during the 2nd quarter. Marino Stram & Associates LLC now owns 279,737 shares of the company’s stock valued at $37,969,000 after purchasing an additional 3,873 shares during the last quarter. Finally, Forza Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at $950,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $140.64 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 fifty day moving average is $139.83 and its 200 day moving average is $135.93. The firm has a market cap of $20.34 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.