Carnegie Investment Counsel Decreases Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Carnegie Investment Counsel reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,367 shares of the company’s stock after selling 90 shares during the quarter. Carnegie Investment Counsel’s holdings in SPDR S&P Dividend ETF were worth $2,718,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SDY. Frazier Financial Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $27,000. Riggs Asset Managment Co. Inc. raised its position in shares of SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $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 in the 4th quarter worth approximately $30,000. Farmers & Merchants Investments Inc. acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. grew its position 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 Trading Down 0.2 %

Shares of NYSEARCA SDY traded down $0.21 during midday trading on Tuesday, reaching $136.16. The company had a trading volume of 232,143 shares, compared to its average volume of 317,438. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $136.48. The business’s 50-day simple moving average is $130.66 and its 200 day simple moving average is $128.81. The stock has a market cap of $21.54 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.