SPDR S&P Dividend ETF $SDY Shares Sold by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 71,737 shares of the company’s stock after selling 6,936 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 2.1% of Precedent Wealth Partners LLC’s holdings, making the stock its 8th biggest position. Precedent Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $9,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after purchasing an additional 14,829 shares during the last quarter. AQR Capital Management LLC grew its stake in SPDR S&P Dividend ETF by 49.5% during the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after buying an additional 2,627 shares during the last quarter. Howe & Rusling Inc. grew its stake in SPDR S&P Dividend ETF by 132.1% during the 2nd quarter. Howe & Rusling Inc. now owns 1,940 shares of the company’s stock worth $263,000 after buying an additional 1,104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the second quarter worth $201,000. Finally, JPMorgan Chase & Co. increased its position in SPDR S&P Dividend ETF by 125.3% in the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after buying an additional 7,179,596 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $143.97 on Friday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $156.39. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The stock’s fifty day moving average is $150.52 and its two-hundred day moving average is $143.30.

SPDR S&P Dividend ETF Company 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.