Lodestar Private Asset Management LLC Has $1.58 Million Holdings in SPDR S&P Dividend ETF $SDY

Lodestar Private Asset Management LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,615 shares of the company’s stock after selling 441 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDY. Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF during the 2nd quarter worth about $40,000. Crews Bank & Trust raised its holdings in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Briaud Financial Planning Inc acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $137.47 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 stock’s 50-day moving average is $139.99 and its two-hundred day moving average is $136.11. The stock has a market cap of $19.86 billion, a PE ratio of 19.85 and a beta of 0.86.

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.