Sagespring Wealth Partners LLC Lowers Holdings in SPDR S&P Dividend ETF $SDY

Sagespring Wealth Partners LLC trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,821 shares of the company’s stock after selling 1,826 shares during the period. Sagespring Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $4,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SDY. Joel Isaacson & Co. LLC lifted its position in shares of SPDR S&P Dividend ETF by 3.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after acquiring an additional 86,679 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the second quarter worth about $10,216,000. Jones Financial Companies Lllp increased its holdings in shares of SPDR S&P Dividend ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 331,634 shares of the company’s stock worth $44,587,000 after purchasing an additional 74,616 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of SPDR S&P Dividend ETF by 92.9% in the first quarter. Ieq Capital LLC now owns 97,042 shares of the company’s stock worth $13,167,000 after purchasing an additional 46,738 shares during the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of SPDR S&P Dividend ETF by 143.4% in the first quarter. Townsquare Capital LLC now owns 70,064 shares of the company’s stock worth $9,506,000 after purchasing an additional 41,273 shares during the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SDY stock opened at $138.03 on Tuesday. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The stock’s 50-day moving average price is $140.00 and its 200-day moving average price is $136.14. The stock has a market capitalization of $19.92 billion, a price-to-earnings 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.