Cwm LLC Trims Stock Position in SPDR S&P Dividend ETF $SDY

Cwm LLC cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,956 shares of the company’s stock after selling 4,708 shares during the period. Cwm LLC owned approximately 0.05% of SPDR S&P Dividend ETF worth $10,581,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. increased its position in shares of SPDR S&P Dividend ETF by 1.5% during the first quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after acquiring an additional 1,491 shares during the last quarter. Novem Group increased its position in shares of SPDR S&P Dividend ETF by 0.3% during the second quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after acquiring an additional 100 shares during the last quarter. Gunma Bank Ltd. increased its position in shares of SPDR S&P Dividend ETF by 27.3% during the first quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock valued at $8,860,000 after acquiring an additional 14,000 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its position in shares of SPDR S&P Dividend ETF by 16.2% during the second quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock valued at $389,000 after acquiring an additional 400 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of SPDR S&P Dividend ETF by 2.3% during the second quarter. Johnson Investment Counsel Inc. now owns 29,255 shares of the company’s stock valued at $3,971,000 after acquiring an additional 665 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $139.57 on Wednesday. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The stock has a market cap of $20.15 billion, a PE ratio of 19.85 and a beta of 0.86. The firm has a 50-day simple moving average of $140.03 and a two-hundred day simple moving average of $136.16.

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.