SPDR S&P Dividend ETF $SDY Position Cut by Hengehold Capital Management LLC

Hengehold Capital Management LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 94.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,705 shares of the company’s stock after selling 79,786 shares during the period. Hengehold Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SDY. Park National Corp OH acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth about $28,000. Markowski Investments bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $28,000. Continuum Advisory LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $29,000. MBM Wealth Consultants LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth about $34,000. Finally, Evergreen Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at about $53,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY traded up $1.10 during mid-day trading on Friday, reaching $155.06. 210,514 shares of the company traded hands, compared to its average volume of 237,209. The company’s fifty day moving average is $153.39 and its two-hundred day moving average is $151.70. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The stock has a market cap of $21.52 billion, a PE ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF 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.