Aspiriant LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 71.9% in the third quarter, HoldingsChannel reports. The firm owned 15,106 shares of the company’s stock after selling 38,596 shares during the period. Aspiriant LLC’s holdings in SPDR S&P Dividend ETF were worth $2,213,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Baugh & Associates LLC lifted its position in shares of SPDR S&P Dividend ETF by 94.2% during the third quarter. Baugh & Associates LLC now owns 3,689 shares of the company’s stock valued at $540,000 after buying an additional 1,789 shares during the last quarter. KOM Wealth Management Group LLC lifted its position in SPDR S&P Dividend ETF by 8.4% during the 3rd quarter. KOM Wealth Management Group LLC now owns 2,403 shares of the company’s stock worth $352,000 after acquiring an additional 186 shares during the period. Neumann Capital Management LLC purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $4,307,000. Mather Group LLC. raised its stake in shares of SPDR S&P Dividend ETF by 4.7% during the 3rd quarter. Mather Group LLC. now owns 6,672 shares of the company’s stock valued at $977,000 after buying an additional 299 shares during the last quarter. Finally, Strategy Asset Managers LLC purchased a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $219,000. Institutional investors own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Trading Up 0.7%
Shares of SDY stock opened at $155.06 on Friday. The company has a market capitalization of $21.52 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The business’s 50 day moving average is $153.39 and its two-hundred day moving average is $151.70.
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.
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