Ferguson Wellman Capital Management Inc. Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ferguson Wellman Capital Management Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,350 shares of the company’s stock after selling 1,155 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,606,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $32,000. Russell Investments Group Ltd. boosted its holdings in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $34,000. Finally, Assetmark Inc. grew its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.6 %

Shares of SPDR S&P Dividend ETF stock opened at $139.95 on Friday. SPDR S&P Dividend ETF has a 52-week low of $117.25 and a 52-week high of $144.06. The company has a market capitalization of $22.14 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a 50 day moving average of $140.61 and a 200 day moving average of $134.60.

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.