SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.3% during the fourth quarter, Holdings Channel reports. The firm owned 201,857 shares of the company’s stock after selling 23,174 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SPDR S&P Dividend ETF were worth $26,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SDY. Ritholtz Wealth Management lifted its stake in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after buying an additional 505 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $67,000. Franklin Resources Inc. increased its position in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares during the period. FSA Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $3,488,000. Finally, Citigroup Inc. lifted its position in SPDR S&P Dividend ETF by 16.0% during the 3rd quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after acquiring an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Trading Up 0.3 %

NYSEARCA:SDY opened at $135.13 on Friday. SPDR S&P Dividend ETF has a 12-month low of $124.37 and a 12-month high of $144.45. The stock’s 50 day simple moving average is $135.16 and its 200-day simple moving average is $137.45. The firm has a market cap of $20.11 billion, a P/E ratio of 20.91 and a beta of 0.87.

SPDR S&P Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.8184 dividend. The ex-dividend date was Monday, March 24th.

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.