Nadler Financial Group Inc. Lowers Holdings in SPDR S&P Dividend ETF $SDY

Nadler Financial Group Inc. cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,434 shares of the company’s stock after selling 244 shares during the period. Nadler Financial Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $466,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SDY. Insight Inv LLC bought a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $40,000. Crews Bank & Trust increased its stake in SPDR S&P Dividend ETF by 98.2% in the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF in the 1st quarter worth approximately $45,000. Finally, Wealth Preservation Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 1st quarter worth approximately $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $138.03 on Tuesday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The stock’s 50 day simple moving average is $140.00 and its two-hundred day simple moving average is $136.14. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.