KPP Advisory Services LLC Trims Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

KPP Advisory Services LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,269 shares of the company’s stock after selling 271 shares during the period. KPP Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 12.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 38,491 shares of the company’s stock worth $4,895,000 after acquiring an additional 4,123 shares in the last quarter. High Falls Advisors Inc boosted its position in SPDR S&P Dividend ETF by 7.3% during the second quarter. High Falls Advisors Inc now owns 15,517 shares of the company’s stock worth $1,973,000 after acquiring an additional 1,057 shares during the last quarter. Sunbelt Securities Inc. lifted its position in SPDR S&P Dividend ETF by 4.7% during the second quarter. Sunbelt Securities Inc. now owns 9,762 shares of the company’s stock worth $1,242,000 after buying an additional 439 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P Dividend ETF by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock valued at $12,387,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at about $650,000.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $141.89 on Wednesday. The stock has a market capitalization of $22.45 billion, a PE ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average price is $137.35 and its 200 day moving average price is $131.91. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $142.62.

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.