Zhang Financial LLC Reduces Stock Position in SPDR S&P Dividend ETF $SDY

Zhang Financial LLC lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 38.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,732 shares of the company’s stock after selling 5,406 shares during the quarter. Zhang Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $1,215,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings 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 purchasing an additional 14,829 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 purchasing an additional 2,627 shares during the last quarter. First Trust Advisors LP grew its holdings 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 purchasing an additional 7,493 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings 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 purchasing an additional 119,562 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $149.26 on Friday. The stock’s 50-day moving average is $147.51 and its two-hundred day moving average is $146.16. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a 1 year low of $132.89 and a 1 year high of $156.39.

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