Richard Bernstein Advisors LLC Sells 26,509 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Richard Bernstein Advisors LLC decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,212,109 shares of the company’s stock after selling 26,509 shares during the quarter. SPDR S&P Dividend ETF makes up 3.6% of Richard Bernstein Advisors LLC’s holdings, making the stock its 7th biggest holding. Richard Bernstein Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $160,120,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SDY. Ritholtz Wealth Management boosted its position in SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after buying an additional 505 shares during the period. Empowered Funds LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at $67,000. Franklin Resources Inc. boosted its holdings in SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares during the period. FSA Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF during the 3rd quarter worth $3,488,000. Finally, Citigroup Inc. increased its holdings in SPDR S&P Dividend ETF by 16.0% during the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $137.88 on Wednesday. The business’s 50-day moving average is $133.44 and its two-hundred day moving average is $137.69. The firm has a market capitalization of $21.81 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $124.37 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.