Brookstone Capital Management Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Brookstone Capital Management trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,785 shares of the company’s stock after selling 502 shares during the period. Brookstone Capital Management’s holdings in SPDR S&P Dividend ETF were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SDY. International Assets Investment Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 10,945.4% in the 4th 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 during the period. Pathstone Holdings LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $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 valued at $51,655,000 after acquiring an additional 370,094 shares during the period. Comerica Bank purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at about $17,485,000. Finally, Argent Capital Management LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $15,142,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $126.49 on Wednesday. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $132.49. The stock has a market cap of $20.01 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average of $129.13 and a 200 day moving average of $126.93.

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.