Cambridge Investment Research Advisors Inc. Decreases Stock Holdings in SPDR S&P Dividend ETF $SDY

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 233,826 shares of the company’s stock after selling 4,978 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $32,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AlphaCore Capital LLC increased its position in SPDR S&P Dividend ETF by 12.9% in the fourth quarter. AlphaCore Capital LLC now owns 3,223 shares of the company’s stock worth $449,000 after buying an additional 367 shares during the last quarter. Kapstone Financial Advisors LLC increased its position in SPDR S&P Dividend ETF by 3.9% in the fourth quarter. Kapstone Financial Advisors LLC now owns 3,806 shares of the company’s stock worth $530,000 after buying an additional 143 shares during the last quarter. WHI TRUST Co LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $52,000. Legacy Financial Group LLC increased its position in SPDR S&P Dividend ETF by 0.7% in the fourth quarter. Legacy Financial Group LLC now owns 291,534 shares of the company’s stock worth $44,503,000 after buying an additional 1,906 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in SPDR S&P Dividend ETF by 121.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock worth $2,458,000 after buying an additional 9,657 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $146.11 on Monday. The business has a fifty day simple moving average of $147.60 and a two-hundred day simple moving average of $145.37. SPDR S&P Dividend ETF has a 1 year low of $131.96 and a 1 year high of $156.39. The company has a market capitalization of $21.38 billion, a P/E ratio of 19.85 and a beta of 0.71.

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.