HighTower Advisors LLC Has $67.06 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

HighTower Advisors LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 481,880 shares of the company’s stock after selling 6,074 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $67,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC increased its stake in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $34,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $148.12 on Thursday. The company has a 50 day moving average price of $147.37 and a 200 day moving average price of $145.58. SPDR S&P Dividend ETF has a fifty-two week low of $131.96 and a fifty-two week high of $156.39. The stock has a market capitalization of $21.68 billion, a PE ratio of 19.85 and a beta of 0.71.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.