Verdence Capital Advisors LLC Sells 4,286 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Verdence Capital Advisors LLC decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,916 shares of the company’s stock after selling 4,286 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in SPDR S&P Dividend ETF by 103,758.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 355,848,925 shares of the company’s stock worth $44,520,259,000 after purchasing an additional 355,506,297 shares during the period. Morgan Stanley lifted its position in SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Morgan Stanley now owns 5,810,934 shares of the company’s stock worth $727,006,000 after purchasing an additional 105,707 shares during the period. Royal Bank of Canada lifted its position in SPDR S&P Dividend ETF by 0.4% during the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after purchasing an additional 10,757 shares during the period. Joel Isaacson & Co. LLC lifted its position in SPDR S&P Dividend ETF by 1.5% during the third quarter. Joel Isaacson & Co. LLC now owns 2,370,763 shares of the company’s stock worth $272,661,000 after purchasing an additional 35,608 shares during the period. Finally, Raymond James & Associates lifted its position in SPDR S&P Dividend ETF by 1.5% during the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock worth $291,463,000 after purchasing an additional 34,564 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.9 %

SDY opened at $126.79 on Monday. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $131.67. The company has a 50-day simple moving average of $127.13 and a 200 day simple moving average of $122.34.

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.