Truist Financial Corp Sells 23,891 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Truist Financial Corp lessened its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 854,001 shares of the company’s stock after selling 23,891 shares during the period. Truist Financial Corp’s holdings in SPDR S&P Dividend ETF were worth $112,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after acquiring an additional 54,648 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares during the period. JPMorgan Chase & Co. increased its position in SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Destination Wealth Management increased its position in SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock worth $99,488,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Legacy Financial Group LLC increased its position in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock worth $49,850,000 after purchasing an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $134.26 on Monday. The company has a 50 day simple moving average of $133.77 and a 200 day simple moving average of $137.53. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $123.32 and a 1 year high of $144.45.

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.