Richard Bernstein Advisors LLC Cuts Stock Position in SPDR S&P Dividend ETF $SDY

Richard Bernstein Advisors LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,039,379 shares of the company’s stock after selling 35,958 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 4.1% of Richard Bernstein Advisors LLC’s holdings, making the stock its 8th biggest holding. Richard Bernstein Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $144,349,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. KFA Private Wealth Group LLC increased its position in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock valued at $282,000 after acquiring an additional 78 shares during the period. Stablepoint Partners LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.5% during the third quarter. Stablepoint Partners LLC now owns 16,249 shares of the company’s stock valued at $2,276,000 after acquiring an additional 80 shares during the last quarter. Peak Asset Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the second quarter. Peak Asset Management LLC now owns 14,962 shares of the company’s stock worth $2,031,000 after purchasing an additional 86 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the third quarter. Verdence Capital Advisors LLC now owns 9,301 shares of the company’s stock worth $1,305,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $151.24 on Tuesday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $156.39. The stock has a market capitalization of $21.45 billion, a PE ratio of 19.85 and a beta of 0.79. The business’s 50-day moving average is $149.27 and its 200 day moving average is $142.93.

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