Truist Financial Corp Sells 52,152 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Truist Financial Corp cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,058,130 shares of the company’s stock after selling 52,152 shares during the quarter. Truist Financial Corp’s holdings in SPDR S&P Dividend ETF were worth $132,235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC raised its stake in SPDR S&P Dividend ETF by 10,945.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after buying an additional 1,124,197 shares during the last quarter. Pathstone Family Office LLC raised its stake in SPDR S&P Dividend ETF by 4,360.9% in the third quarter. Pathstone Family Office LLC now owns 801,808 shares of the company’s stock valued at $92,216,000 after buying an additional 783,834 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 18.6% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,478,260 shares of the company’s stock worth $170,015,000 after purchasing an additional 231,382 shares during the last quarter. Comerica Bank purchased a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $17,485,000. Finally, Creative Planning raised its stake in shares of SPDR S&P Dividend ETF by 14.5% in the third quarter. Creative Planning now owns 525,915 shares of the company’s stock worth $60,485,000 after purchasing an additional 66,745 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.3 %

Shares of NYSEARCA:SDY traded down $0.41 during trading on Friday, hitting $127.49. The stock had a trading volume of 151,305 shares, compared to its average volume of 379,128. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. The stock has a 50-day simple moving average of $127.56 and a two-hundred day simple moving average of $122.72.

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.