Smithfield Trust Co Sells 9,309 Shares of SPDR S&P Dividend ETF $SDY

Smithfield Trust Co reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,394 shares of the company’s stock after selling 9,309 shares during the quarter. Smithfield Trust Co’s holdings in SPDR S&P Dividend ETF were worth $4,926,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SDY. Brighton Jones LLC raised its stake in shares of SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 49.5% during the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after buying an additional 2,627 shares during the last quarter. First Trust Advisors LP raised its stake in shares of SPDR S&P Dividend ETF by 30.4% during the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after buying an additional 7,493 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after buying an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

SDY opened at $149.96 on Tuesday. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. The firm has a 50 day simple moving average of $147.39 and a 200 day simple moving average of $145.86. SPDR S&P Dividend ETF has a fifty-two week low of $131.96 and a fifty-two week high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.