SPDR S&P Dividend ETF $SDY is Destination Wealth Management’s 5th Largest Position

Destination Wealth Management cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 653,748 shares of the company’s stock after selling 44,451 shares during the period. SPDR S&P Dividend ETF accounts for approximately 2.4% of Destination Wealth Management’s portfolio, making the stock its 5th largest position. Destination Wealth Management owned 0.46% of SPDR S&P Dividend ETF worth $90,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SDY. Brighton Jones LLC lifted its holdings in SPDR S&P Dividend ETF by 404.5% in the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares during the period. AQR Capital Management LLC lifted its holdings in SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after buying an additional 2,627 shares during the period. First Trust Advisors LP lifted its holdings in SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after buying an additional 7,493 shares during the period. NewEdge Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after buying an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the period. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $152.66 on Friday. The company has a 50-day simple moving average of $148.47 and a two-hundred day simple moving average of $147.02. SPDR S&P Dividend ETF has a one year low of $132.89 and a one year high of $156.39. The firm has a market capitalization of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69.

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.