SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Fifth Third Securities Inc.

Fifth Third Securities Inc. lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 55.5% in the first quarter, Holdings Channel reports. The firm owned 11,645 shares of the company’s stock after selling 14,551 shares during the period. Fifth Third Securities Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 10,945.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after purchasing an additional 1,124,197 shares in the last quarter. Pathstone Holdings LLC acquired a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $94,819,000. Legacy Financial Group LLC lifted its position in SPDR S&P Dividend ETF by 1,574.9% during the 1st quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock worth $51,655,000 after acquiring an additional 370,094 shares in the last quarter. Comerica Bank purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $17,485,000. Finally, Argent Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $15,142,000.

SPDR S&P Dividend ETF Stock Down 0.9 %

SDY opened at $125.98 on Tuesday. The firm’s 50 day moving average is $129.17 and its 200-day moving average is $126.92. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49. The firm has a market capitalization of $19.93 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.