NewEdge Advisors LLC Reduces Stake in SPDR S&P Dividend ETF $SDY

NewEdge Advisors LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 54.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,171 shares of the company’s stock after selling 42,520 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $5,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park National Corp OH acquired a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $28,000. Ankerstar Wealth LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $34,000. MBM Wealth Consultants LLC purchased a new stake in SPDR S&P Dividend ETF in the first quarter valued at $34,000. Finally, Syntax Research Inc. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $35,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $155.44 on Friday. The company has a fifty day moving average of $152.44 and a two-hundred day moving average of $150.24. The company has a market capitalization of $21.80 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $160.29.

About SPDR S&P Dividend ETF

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.