SPDR S&P Dividend ETF $SDY Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,395,059 shares of the company’s stock after selling 56,409 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR S&P Dividend ETF were worth $195,378,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC increased its holdings in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth $29,000. Global Wealth Strategies & Associates lifted its holdings in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at $43,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.3%

NYSEARCA:SDY opened at $155.02 on Friday. The stock has a fifty day simple moving average of $146.30 and a 200 day simple moving average of $141.79. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.12.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.