Baird Financial Group Inc. Cuts Holdings in SPDR S&P Dividend ETF $SDY

Baird Financial Group Inc. lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.6% during the second quarter, Holdings Channel.com reports. The fund owned 202,773 shares of the company’s stock after selling 7,528 shares during the quarter. Baird Financial Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $27,522,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake in shares of SPDR S&P Dividend ETF by 30.4% in the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after purchasing an additional 7,493 shares in the last quarter. Kilter Group LLC purchased a new position in SPDR S&P Dividend ETF in the second quarter valued at approximately $48,000. Beacon Pointe Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 0.4% in the second quarter. Beacon Pointe Advisors LLC now owns 33,723 shares of the company’s stock valued at $4,577,000 after buying an additional 149 shares during the period. Van Hulzen Asset Management LLC lifted its position in SPDR S&P Dividend ETF by 23.1% during the second quarter. Van Hulzen Asset Management LLC now owns 1,973 shares of the company’s stock valued at $268,000 after buying an additional 370 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its stake in SPDR S&P Dividend ETF by 7.5% during the second quarter. Greenwich Wealth Management LLC now owns 2,521 shares of the company’s stock worth $342,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.0%

SPDR S&P Dividend ETF stock opened at $140.08 on Friday. The firm has a fifty day moving average of $138.77 and a 200-day moving average of $138.26. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $143.49. The firm has a market capitalization of $20.14 billion, a P/E ratio of 19.85 and a beta of 0.79.

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.