Chemical Bank Lowers Holdings in SPDR S&P Dividend (SDY)

Posted by Shane Hupp on Mar 24th, 2018 // Comments off

Chemical Bank lessened its position in shares of SPDR S&P Dividend (NYSEARCA:SDY) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,876 shares of the company’s stock after selling 742 shares during the period. Chemical Bank’s holdings in SPDR S&P Dividend were worth $1,783,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stonehearth Capital Management LLC purchased a new stake in SPDR S&P Dividend during the fourth quarter valued at about $100,000. Santori & Peters Inc. purchased a new stake in shares of SPDR S&P Dividend in the fourth quarter worth about $102,000. G&S Capital LLC purchased a new stake in shares of SPDR S&P Dividend in the fourth quarter worth about $138,000. Reilly Financial Advisors LLC boosted its position in shares of SPDR S&P Dividend by 898.0% in the fourth quarter. Reilly Financial Advisors LLC now owns 1,996 shares of the company’s stock worth $189,000 after buying an additional 1,796 shares during the period. Finally, Ford Financial Group Inc. purchased a new stake in shares of SPDR S&P Dividend in the fourth quarter worth about $194,000.

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Shares of SDY stock opened at $88.64 on Friday. SPDR S&P Dividend has a 1 year low of $86.38 and a 1 year high of $98.29. The firm has a market capitalization of $15,880.00 and a PE ratio of 27.79.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th were given a $0.5479 dividend. This represents a $2.19 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, March 16th. SPDR S&P Dividend’s payout ratio is 69.28%.

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SPDR S&P Dividend 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.

Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend (NYSEARCA:SDY).

Institutional Ownership by Quarter for SPDR S&P Dividend (NYSEARCA:SDY)

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