Stephens Inc. AR Trims Stake in SPDR S&P Dividend ETF $SDY

Stephens Inc. AR lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.5% during the second quarter, Holdings Channel.com reports. The firm owned 19,534 shares of the company’s stock after selling 2,782 shares during the period. Stephens Inc. AR’s holdings in SPDR S&P Dividend ETF were worth $2,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rebalance LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.7% in the 2nd quarter. Rebalance LLC now owns 11,098 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares during the period. Summit X LLC raised its holdings in shares of SPDR S&P Dividend ETF by 4.2% in the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after buying an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock valued at $1,941,000 after buying an additional 78 shares during the period. Wealth Advisory Solutions LLC raised its holdings in shares of SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after buying an additional 78 shares during the period. Finally, Focus Financial Network Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock valued at $2,112,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.3%

SDY stock opened at $139.81 on Thursday. The company has a market capitalization of $20.14 billion, a PE ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The business’s fifty day moving average price is $140.07 and its 200 day moving average price is $136.41.

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.