SPDR S&P Dividend ETF $SDY Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 930,325 shares of the company’s stock after selling 24,271 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR S&P Dividend ETF were worth $135,772,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SDY. Morgan Stanley boosted its holdings in shares of SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after purchasing an additional 95,878 shares during the period. Raymond James Financial Inc. increased its stake in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares during the period. Joel Isaacson & Co. LLC increased its stake in SPDR S&P Dividend ETF by 4.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after buying an additional 121,368 shares during the period. Wells Fargo & Company MN lifted its position in SPDR S&P Dividend ETF by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after buying an additional 39,572 shares in the last quarter. Finally, UBS Group AG lifted its position in SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after buying an additional 165,053 shares in the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $154.81 on Monday. The firm has a fifty day moving average of $151.02 and a two-hundred day moving average of $149.32. The firm has a market capitalization of $21.74 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $157.66.

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.