Saxon Interests Inc. Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Saxon Interests Inc. cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,403 shares of the company’s stock after selling 99 shares during the quarter. Saxon Interests Inc.’s holdings in SPDR S&P Dividend ETF were worth $295,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SDY. Vestmark Advisory Solutions Inc. lifted its stake in SPDR S&P Dividend ETF by 1.3% in the first quarter. Vestmark Advisory Solutions Inc. now owns 7,392 shares of the company’s stock worth $914,000 after purchasing an additional 96 shares during the last quarter. Kaydan Wealth Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 1.8% in the 1st quarter. Kaydan Wealth Management Inc. now owns 5,360 shares of the company’s stock valued at $663,000 after acquiring an additional 97 shares during the last quarter. NorthRock Partners LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.8% in the 1st quarter. NorthRock Partners LLC now owns 13,068 shares of the company’s stock valued at $1,617,000 after acquiring an additional 100 shares during the last quarter. Heritage Financial Services LLC boosted its holdings in SPDR S&P Dividend ETF by 1.4% during the 1st quarter. Heritage Financial Services LLC now owns 7,000 shares of the company’s stock valued at $866,000 after acquiring an additional 100 shares during the period. Finally, VitalStone Financial LLC grew its position in SPDR S&P Dividend ETF by 1.9% during the 1st quarter. VitalStone Financial LLC now owns 5,483 shares of the company’s stock worth $708,000 after acquiring an additional 102 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.5 %

SDY stock traded down $0.54 during midday trading on Tuesday, hitting $119.14. The company had a trading volume of 294,982 shares, compared to its average volume of 437,781. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 14.72 and a beta of 0.86. SPDR S&P Dividend ETF has a 52 week low of $110.55 and a 52 week high of $132.50. The stock’s 50 day moving average price is $123.08 and its 200 day moving average price is $122.42.

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.