SPDR S&P Dividend ETF $SDY Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 70.8% during the 1st quarter, HoldingsChannel reports. The firm owned 6,553 shares of the company’s stock after selling 15,894 shares during the period. Bessemer Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SDY. Park National Corp OH purchased a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $28,000. Ankerstar Wealth LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth $34,000. MBM Wealth Consultants LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth $34,000. Finally, Syntax Research Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.3%

Shares of SPDR S&P Dividend ETF stock opened at $153.92 on Friday. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $157.66. The company’s 50-day simple moving average is $151.53 and its 200-day simple moving average is $149.72.

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.