SPDR S&P Dividend ETF $SDY Stake Reduced by Flaharty Asset Management LLC

Flaharty Asset Management LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 91.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,573 shares of the company’s stock after selling 180,896 shares during the quarter. SPDR S&P Dividend ETF accounts for about 3.7% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Flaharty Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,578,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SDY. Park National Corp OH purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $28,000. MBM Wealth Consultants LLC purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter worth $34,000. Ankerstar Wealth LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $33,000. Syntax Research Inc. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $35,000. Finally, Core Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $35,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $157.83 on Friday. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29. The stock has a 50-day moving average of $153.25 and a 200 day moving average of $150.68. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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