Graypoint LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Graypoint LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,846 shares of the company’s stock after selling 1,033 shares during the quarter. Graypoint LLC’s holdings in SPDR S&P Dividend ETF were worth $3,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after acquiring an additional 98 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. Retirement Investment Advisors Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $2,198,000. CX Institutional increased its position in shares of SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after buying an additional 2,580 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P Dividend ETF by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after buying an additional 2,705 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY traded down $2.10 on Friday, hitting $128.74. The company had a trading volume of 1,443,090 shares, compared to its average volume of 510,665. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The stock has a fifty day simple moving average of $137.77 and a 200-day simple moving average of $136.77. The firm has a market capitalization of $20.37 billion, a P/E 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.