SPDR S&P Dividend ETF $SDY Shares Sold by Apexium Financial LP

Apexium Financial LP cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,019 shares of the company’s stock after selling 3,961 shares during the period. Apexium Financial LP’s holdings in SPDR S&P Dividend ETF were worth $8,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. lifted its stake in SPDR S&P Dividend ETF by 1.5% during the first quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock valued at $14,125,000 after purchasing an additional 1,491 shares during the last quarter. Novem Group raised its holdings in shares of SPDR S&P Dividend ETF by 0.3% during the second quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after acquiring an additional 100 shares during the period. Gunma Bank Ltd. raised its holdings in shares of SPDR S&P Dividend ETF by 27.3% during the first quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock valued at $8,860,000 after acquiring an additional 14,000 shares during the period. Beacon Investment Advisory Services Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 16.2% during the second quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock valued at $389,000 after acquiring an additional 400 shares during the period. Finally, Destiny Wealth Partners LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.4% during the second quarter. Destiny Wealth Partners LLC now owns 69,821 shares of the company’s stock valued at $9,477,000 after acquiring an additional 933 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $140.64 on Friday. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The company’s 50 day simple moving average is $139.83 and its 200-day simple moving average is $135.93. The firm has a market capitalization of $20.34 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.