RFG Advisory LLC Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

RFG Advisory LLC lowered its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,967 shares of the company’s stock after selling 172 shares during the period. RFG Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $783,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in SPDR S&P Dividend ETF by 10,945.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after buying an additional 1,124,197 shares during the last quarter. Pathstone Holdings LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $94,819,000. Legacy Financial Group LLC boosted its stake in SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after buying an additional 370,094 shares during the last quarter. Comerica Bank bought a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $17,485,000. Finally, Argent Capital Management LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $15,142,000.

SPDR S&P Dividend ETF Trading Down 0.6 %

Shares of SPDR S&P Dividend ETF stock opened at $128.47 on Monday. The stock has a 50 day moving average of $128.94 and a 200 day moving average of $126.73. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.49. The firm has a market cap of $20.32 billion, a PE ratio of 19.72 and a beta of 0.68.

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.