Conservest Capital Advisors Inc. Lowers Stock Position in SPDR S&P Dividend ETF $SDY

Conservest Capital Advisors Inc. cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 38.6% in the first quarter, Holdings Channel.com reports. The fund owned 5,632 shares of the company’s stock after selling 3,538 shares during the period. Conservest Capital Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fell Capital Management ADV lifted its holdings in shares of SPDR S&P Dividend ETF by 10.8% in the 1st quarter. Fell Capital Management ADV now owns 26,612 shares of the company’s stock worth $3,884,000 after acquiring an additional 2,585 shares during the last quarter. Calamos Wealth Management LLC increased its holdings in SPDR S&P Dividend ETF by 1.4% in the 1st quarter. Calamos Wealth Management LLC now owns 7,250 shares of the company’s stock valued at $1,058,000 after purchasing an additional 100 shares during the last quarter. Calamos Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at approximately $1,058,000. AMG National Trust Bank raised its position in SPDR S&P Dividend ETF by 1.4% in the first quarter. AMG National Trust Bank now owns 7,070 shares of the company’s stock valued at $1,032,000 after purchasing an additional 100 shares during the period. Finally, CAP Partners LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $303,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $153.04 on Wednesday. The company has a market cap of $21.50 billion, a P/E ratio of 19.85 and a beta of 0.69. The stock has a 50-day moving average of $150.66 and a two-hundred day moving average of $149.02. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $156.82.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.