LS Investment Advisors LLC Sells 351 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

LS Investment Advisors LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,665 shares of the company’s stock after selling 351 shares during the period. LS Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter valued at about $181,000. Kovack Advisors Inc. grew its position in shares of SPDR S&P Dividend ETF by 75.9% during the 4th quarter. Kovack Advisors Inc. now owns 8,059 shares of the company’s stock worth $1,007,000 after buying an additional 3,477 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 58.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 37,868 shares of the company’s stock worth $4,732,000 after buying an additional 13,902 shares during the last quarter. Pursue Wealth Partners LLC lifted its holdings in SPDR S&P Dividend ETF by 8.7% in the fourth quarter. Pursue Wealth Partners LLC now owns 7,726 shares of the company’s stock valued at $966,000 after buying an additional 619 shares during the period. Finally, Principle Wealth Partners LLC grew its holdings in SPDR S&P Dividend ETF by 9.9% during the 4th quarter. Principle Wealth Partners LLC now owns 16,083 shares of the company’s stock worth $2,010,000 after acquiring an additional 1,455 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded down $0.29 during trading hours on Tuesday, reaching $138.43. The company had a trading volume of 219,328 shares, compared to its average volume of 313,896. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $139.46. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a 50 day moving average of $131.58 and a 200 day moving average of $129.31.

About SPDR S&P Dividend ETF

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.