CRA Financial Services LLC Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

CRA Financial Services LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,765 shares of the company’s stock after selling 1,356 shares during the period. SPDR S&P Dividend ETF accounts for approximately 3.3% of CRA Financial Services LLC’s portfolio, making the stock its 8th largest position. CRA Financial Services LLC’s holdings in SPDR S&P Dividend ETF were worth $15,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $27,000. Friedenthal Financial bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at approximately $29,000. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $30,000. Tennessee Valley Asset Management Partners bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $36,000. Finally, Bare Financial Services Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $43,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY traded down $0.16 during trading hours on Friday, hitting $127.18. The company had a trading volume of 155,916 shares, compared to its average volume of 334,344. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49. The firm has a fifty day moving average price of $129.17 and a 200-day moving average price of $126.91. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF 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.