SPDR S&P Dividend ETF $SDY is Strategent Financial LLC’s 7th Largest Position

Strategent Financial LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,652 shares of the company’s stock after selling 241 shares during the period. SPDR S&P Dividend ETF accounts for about 4.1% of Strategent Financial LLC’s holdings, making the stock its 7th largest holding. Strategent Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $5,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Insight Inv LLC purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $40,000. Private Wealth Asset Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Crews Bank & Trust grew its holdings in shares of SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Finally, Briaud Financial Planning Inc bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 1.1%

Shares of NYSEARCA SDY opened at $139.57 on Wednesday. The firm has a market cap of $20.15 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The company has a 50 day moving average of $140.03 and a 200 day 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.