Wellspring Financial Advisors LLC Lowers Position in SPDR S&P Dividend ETF $SDY

Wellspring Financial Advisors LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,366 shares of the company’s stock after selling 6,464 shares during the quarter. SPDR S&P Dividend ETF comprises 0.1% of Wellspring Financial Advisors LLC’s investment portfolio, making the stock its 28th largest position. Wellspring Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $8,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insight Inv LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth about $40,000. Private Wealth Asset Management LLC lifted its holdings in SPDR S&P Dividend ETF by 1,245.5% in the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after buying an additional 274 shares during the period. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF in the first quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at about $50,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $139.89 on Tuesday. The stock has a 50 day moving average price of $138.68 and a 200-day moving average price of $138.19. The firm has a market capitalization of $20.12 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.03.

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.