Bank of New York Mellon Corp Has $134.37 Million Position in SPDR S&P Dividend ETF $SDY

Bank of New York Mellon Corp cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990,007 shares of the company’s stock after selling 34,761 shares during the quarter. Bank of New York Mellon Corp’s holdings in SPDR S&P Dividend ETF were worth $134,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Insight Inv LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at about $40,000. Private Wealth Asset Management LLC increased its position in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after acquiring an additional 274 shares during the period. Briaud Financial Planning Inc acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth about $45,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth about $50,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.3%

Shares of NYSEARCA:SDY opened at $136.08 on Friday. The company’s 50 day moving average price is $139.30 and its two-hundred day moving average price is $137.29. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The firm has a market cap of $19.57 billion, a PE ratio of 19.85 and a beta of 0.79.

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.