Acropolis Investment Management LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,322 shares of the company’s stock after selling 425 shares during the quarter. Acropolis Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $439,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after purchasing an additional 98 shares during the period. Franklin Resources Inc. boosted its stake in SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after buying an additional 1,222 shares in the last quarter. Retirement Investment Advisors Inc. acquired a new position in SPDR S&P Dividend ETF during the second quarter worth about $2,198,000. CX Institutional raised its position in SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after acquiring an additional 2,580 shares in the last quarter. Finally, 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 purchasing an additional 2,705 shares in the last quarter.
SPDR S&P Dividend ETF Price Performance
Shares of SDY opened at $131.09 on Wednesday. The firm’s 50 day moving average is $137.25 and its 200-day moving average is $136.94. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45. The stock has a market capitalization of $20.74 billion, a P/E ratio of 19.72 and a beta of 0.68.
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.
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