Stonebridge Financial Planning Group LLC Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Stonebridge Financial Planning Group LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,404 shares of the company’s stock after selling 196 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,336,000 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 the stock. Fifth Third Securities Inc. raised its stake in SPDR S&P Dividend ETF by 7.9% during the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after acquiring an additional 922 shares during the period. LRI Investments LLC purchased a new position in SPDR S&P Dividend ETF during the first quarter valued at approximately $492,000. Choreo LLC boosted its position in SPDR S&P Dividend ETF by 6.7% during the second quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,276 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the second quarter valued at about $199,000. Finally, Forbes Financial Planning Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 1.5% during the 2nd quarter. Forbes Financial Planning Inc. now owns 38,019 shares of the company’s stock valued at $4,835,000 after buying an additional 568 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY traded down $0.62 during midday trading on Wednesday, hitting $139.72. 239,693 shares of the company’s stock traded hands, compared to its average volume of 280,573. The company has a market cap of $22.10 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $117.25 and a one year high of $144.06. The stock’s fifty day simple moving average is $140.72 and its 200-day simple moving average is $134.99.

About SPDR S&P Dividend ETF

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.