Noesis Capital Mangement Corp Sells 2,586 Shares of SPDR S&P Dividend ETF $SDY

Noesis Capital Mangement Corp reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 33.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,203 shares of the company’s stock after selling 2,586 shares during the quarter. Noesis Capital Mangement Corp’s holdings in SPDR S&P Dividend ETF were worth $706,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SDY. Insight Inv LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $40,000. Private Wealth Asset Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $45,000. Finally, Wealth Preservation Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $50,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $137.12 on Thursday. The company’s 50 day simple moving average is $139.91 and its 200 day simple moving average is $137.04. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The firm has a market capitalization of $19.74 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.