Balefire LLC Sells 8,076 Shares of SPDR S&P Dividend ETF $SDY

Balefire LLC lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,678 shares of the company’s stock after selling 8,076 shares during the period. SPDR S&P Dividend ETF makes up 1.4% of Balefire LLC’s holdings, making the stock its 15th biggest holding. Balefire LLC’s holdings in SPDR S&P Dividend ETF were worth $8,742,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SDY. Koenig Investment Advisory LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $6,836,000. Integrated Wealth Concepts LLC boosted its holdings in SPDR S&P Dividend ETF by 57.7% in the second quarter. Integrated Wealth Concepts LLC now owns 35,846 shares of the company’s stock valued at $5,455,000 after purchasing an additional 13,121 shares during the period. J.Safra Asset Management Corp boosted its holdings in SPDR S&P Dividend ETF by 3.4% in the fourth quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock valued at $49,244,000 after purchasing an additional 11,503 shares during the period. PFG Investments LLC grew its stake in SPDR S&P Dividend ETF by 15.1% during the 1st quarter. PFG Investments LLC now owns 24,762 shares of the company’s stock worth $3,614,000 after purchasing an additional 3,243 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in SPDR S&P Dividend ETF by 165.3% during the 1st quarter. Parallel Advisors LLC now owns 6,864 shares of the company’s stock worth $1,002,000 after purchasing an additional 4,277 shares in the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Down 0.2%

NYSEARCA SDY traded down $0.33 during trading hours on Friday, hitting $149.04. 182,563 shares of the company were exchanged, compared to its average volume of 236,903. The company has a 50 day moving average of $153.84 and a two-hundred day moving average of $151.44. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $160.29. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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.