Bank of Montreal Can Lowers Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Bank of Montreal Can lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,928 shares of the company’s stock after selling 12,345 shares during the period. Bank of Montreal Can owned about 0.14% of SPDR S&P Dividend ETF worth $28,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vantage Financial Partners LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $453,000. Trexquant Investment LP purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $392,000. Assetmark Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 280.5% in the 4th quarter. Assetmark Inc. now owns 1,408 shares of the company’s stock valued at $176,000 after acquiring an additional 1,038 shares during the last quarter. Stifel Financial Corp boosted its holdings in SPDR S&P Dividend ETF by 3.7% during the 4th quarter. Stifel Financial Corp now owns 206,129 shares of the company’s stock valued at $25,760,000 after acquiring an additional 7,266 shares during the period. Finally, Roundview Capital LLC purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at about $215,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $141.69 on Friday. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $142.62. The business’s 50 day simple moving average is $136.75 and its two-hundred day simple moving average is $131.58. The stock has a market capitalization of $22.42 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.