Savant Capital LLC Lowers Stock Position in SPDR S&P Dividend ETF $SDY

Savant Capital LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 80,533 shares of the company’s stock after selling 4,673 shares during the quarter. Savant Capital LLC’s holdings in SPDR S&P Dividend ETF were worth $11,207,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $34,000. Syntax Research Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $35,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $51,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Down 0.4%

SDY opened at $149.26 on Friday. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a fifty-two week low of $132.89 and a fifty-two week high of $156.39. The company’s 50-day moving average price is $147.51 and its 200 day moving average price is $146.16.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.