Harbour Trust & Investment Management Co Lowers Stake in SPDR S&P Dividend ETF $SDY

Harbour Trust & Investment Management Co lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,131 shares of the company’s stock after selling 130 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in SPDR S&P Dividend ETF were worth $1,239,000 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 stock. Astoria Portfolio Advisors LLC. raised its position in SPDR S&P Dividend ETF by 22.7% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 5,359 shares of the company’s stock worth $748,000 after purchasing an additional 993 shares during the period. MGO One Seven LLC raised its position in SPDR S&P Dividend ETF by 0.8% in the 2nd quarter. MGO One Seven LLC now owns 17,151 shares of the company’s stock worth $2,328,000 after purchasing an additional 137 shares during the period. Hazlett Burt & Watson Inc. raised its position in SPDR S&P Dividend ETF by 2.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 5,026 shares of the company’s stock worth $682,000 after purchasing an additional 113 shares during the period. Almanack Investment Partners LLC. purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth $494,000. Finally, Concurrent Investment Advisors LLC raised its position in SPDR S&P Dividend ETF by 35.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 23,637 shares of the company’s stock worth $3,208,000 after purchasing an additional 6,187 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.4%

Shares of NYSEARCA:SDY opened at $138.03 on Tuesday. The stock has a market cap of $19.92 billion, a PE ratio of 19.85 and a beta of 0.86. The company’s fifty day moving average is $140.00 and its 200 day moving average is $136.14. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45.

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.