SPDR S&P Dividend ETF $SDY Stake Lessened by First Trust Advisors LP

First Trust Advisors LP lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,487 shares of the company’s stock after selling 5,756 shares during the quarter. First Trust Advisors LP’s holdings in SPDR S&P Dividend ETF were worth $2,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. grew its stake in SPDR S&P Dividend ETF by 4.0% during the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after buying an additional 70 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after acquiring an additional 71 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of SPDR S&P Dividend ETF by 1.3% in the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after acquiring an additional 71 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 3.9% in the 1st quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock worth $312,000 after acquiring an additional 80 shares in the last quarter. Finally, Operose Advisors LLC grew its position in SPDR S&P Dividend ETF by 8.1% during the 4th quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock worth $150,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $157.83 on Friday. The stock’s 50 day simple moving average is $153.25 and its 200 day simple moving average is $150.68. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29. The firm has a market cap of $23.90 billion, a PE ratio of 19.85 and a beta of 0.69.

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