Interchange Capital Partners LLC Sells 5,483 Shares of SPDR S&P Dividend ETF $SDY

Interchange Capital Partners LLC lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 94.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309 shares of the company’s stock after selling 5,483 shares during the period. Interchange Capital Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. grew its position in SPDR S&P Dividend ETF by 1.5% in 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 in the last quarter. Novem Group grew its position in SPDR S&P Dividend ETF by 0.3% in the second quarter. Novem Group now owns 29,191 shares of the company’s stock valued at $3,962,000 after purchasing an additional 100 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in SPDR S&P Dividend ETF in the second quarter valued at $494,000. Gunma Bank Ltd. grew its position in SPDR S&P Dividend ETF by 27.3% in the first quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock valued at $8,860,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its position in SPDR S&P Dividend ETF by 16.2% in the second quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock valued at $389,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $139.57 on Thursday. The company has a fifty day simple moving average of $140.05 and a 200 day simple moving average of $136.19. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45. The company has a market cap of $20.11 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.