SPDR S&P Dividend ETF $SDY Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 38.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,632 shares of the company’s stock after selling 3,538 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SDY. Park National Corp OH acquired a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $28,000. Ankerstar Wealth LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $34,000. MBM Wealth Consultants LLC purchased a new position in SPDR S&P Dividend ETF in the first quarter worth approximately $34,000. Finally, Syntax Research Inc. purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $35,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 1.0%

SDY stock opened at $153.04 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $156.82. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business has a fifty day moving average of $150.66 and a two-hundred day moving average of $149.02.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.