Key Financial Inc Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Key Financial Inc cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,129 shares of the company’s stock after selling 80 shares during the quarter. Key Financial Inc’s holdings in SPDR S&P Dividend ETF were worth $525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $27,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after buying an additional 96 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $30,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. boosted its position in shares of SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.8 %

Shares of SDY traded up $1.06 during mid-day trading on Friday, hitting $139.89. The company had a trading volume of 159,301 shares, compared to its average volume of 311,307. The business’s 50-day simple moving average is $132.15 and its 200-day simple moving average is $129.55. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $140.04. The stock has a market cap of $22.13 billion, a PE ratio of 19.72 and a beta of 0.68.

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.