Founders Capital Management Sells 100 Shares of SPDR S&P Dividend ETF $SDY

Founders Capital Management lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260 shares of the company’s stock after selling 100 shares during the quarter. Founders Capital Management’s holdings in SPDR S&P Dividend ETF were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Rebalance LLC boosted its stake in SPDR S&P Dividend ETF by 0.7% in the 2nd quarter. Rebalance LLC now owns 11,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 76 shares during the period. Summit X LLC boosted its stake in SPDR S&P Dividend ETF by 4.2% in the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock worth $262,000 after purchasing an additional 77 shares during the period. OneDigital Investment Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 0.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after purchasing an additional 78 shares during the period. Wealth Advisory Solutions LLC boosted its stake in SPDR S&P Dividend ETF by 3.1% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock worth $351,000 after purchasing an additional 78 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $140.05 on Wednesday. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The business has a 50 day simple moving average of $139.81 and a two-hundred day simple moving average of $135.84.

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.