Brinker Capital Inc. reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,573 shares of the company’s stock after selling 17,018 shares during the period. SPDR S&P Dividend ETF makes up 0.9% of Brinker Capital Inc.’s holdings, making the stock its 14th largest position. Brinker Capital Inc. owned approximately 0.12% of SPDR S&P Dividend ETF worth $19,298,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Coastline Trust Co increased its position in SPDR S&P Dividend ETF by 3.1% during the 4th quarter. Coastline Trust Co now owns 21,473 shares of the company’s stock valued at $1,922,000 after buying an additional 650 shares in the last quarter. PFS Investments Inc. acquired a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $13,251,000. Thrivent Financial for Lutherans acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at about $248,000. Neuberger Berman Group LLC increased its holdings in shares of SPDR S&P Dividend ETF by 51.7% in the third quarter. Neuberger Berman Group LLC now owns 20,467 shares of the company’s stock valued at $2,004,000 after purchasing an additional 6,974 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of SPDR S&P Dividend ETF by 9.4% in the third quarter. Bank of New York Mellon Corp now owns 165,823 shares of the company’s stock valued at $16,239,000 after purchasing an additional 14,202 shares during the period.
Shares of SDY stock opened at $98.42 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $84.28 and a fifty-two week high of $100.09.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th will be issued a $0.5309 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, March 15th.
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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.
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