SPDR S&P Dividend ETF $SDY Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.9% in the 2nd quarter, Holdings Channel reports. The fund owned 2,344 shares of the company’s stock after selling 200 shares during the period. Patten & Patten Inc. TN’s holdings in SPDR S&P Dividend ETF were worth $318,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 1.5% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock worth $14,125,000 after acquiring an additional 1,491 shares during the period. Novem Group lifted its stake in shares of SPDR S&P Dividend ETF by 0.3% in the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after acquiring an additional 100 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth $494,000. Gunma Bank Ltd. lifted its stake in shares of SPDR S&P Dividend ETF by 27.3% in the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after acquiring an additional 14,000 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 16.2% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $138.31 on Friday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The stock has a market capitalization of $19.93 billion, a PE ratio of 19.85 and a beta of 0.86. The company has a fifty day moving average of $140.05 and a 200-day moving average of $136.20.

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.