SPDR S&P Dividend (SDY) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lessened its stake in SPDR S&P Dividend (NYSEARCA:SDY) by 77.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,821 shares of the company’s stock after selling 43,367 shares during the quarter. SG Americas Securities LLC’s holdings in SPDR S&P Dividend were worth $1,211,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonehearth Capital Management LLC purchased a new position in SPDR S&P Dividend in the 4th quarter worth approximately $100,000. Broadleaf Partners LLC purchased a new position in SPDR S&P Dividend in the 4th quarter worth approximately $226,000. Macnealy Hoover Investment Management Inc. purchased a new position in SPDR S&P Dividend in the 4th quarter worth approximately $231,000. WoodTrust Financial Corp purchased a new position in SPDR S&P Dividend in the 4th quarter worth approximately $300,000. Finally, Asset Dedication LLC boosted its holdings in SPDR S&P Dividend by 53.4% in the 4th quarter. Asset Dedication LLC now owns 4,769 shares of the company’s stock worth $450,000 after acquiring an additional 1,660 shares during the period.
SPDR S&P Dividend (SDY) opened at $91.18 on Tuesday. The company has a market capitalization of $15,620.00 and a P/E ratio of 28.58. SPDR S&P Dividend has a one year low of $86.38 and a one year high of $98.29.
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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).
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