SPDR S&P Dividend ETF (NYSEARCA:SDY) is CRA Financial Services LLC’s 9th Largest Position

CRA Financial Services LLC reduced its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,399 shares of the company’s stock after selling 4,552 shares during the period. SPDR S&P Dividend ETF comprises about 2.4% of CRA Financial Services LLC’s holdings, making the stock its 9th largest holding. CRA Financial Services LLC’s holdings in SPDR S&P Dividend ETF were worth $14,029,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $26,000. Colonial Trust Advisors purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $31,000. Noble Wealth Management PBC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $32,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $34,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $134.80 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The business has a 50-day moving average of $132.25 and a 200-day moving average of $133.97. The company has a market capitalization of $19.85 billion, a PE ratio of 20.59 and a beta of 0.80.

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.