Cascade Investment Group Inc. Has $295,000 Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cascade Investment Group Inc. trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,319 shares of the company’s stock after selling 150 shares during the period. Cascade Investment Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. lifted its holdings in SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $30,000. Farmers & Merchants Investments Inc. acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. lifted its holdings in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY traded up $0.28 during mid-day trading on Wednesday, hitting $134.04. 148,210 shares of the stock were exchanged, compared to its average volume of 320,428. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s 50-day simple moving average is $130.17 and its 200 day simple moving average is $128.50. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $136.03.

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.