Precedent Wealth Partners LLC Has $10.37 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Precedent Wealth Partners LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,372 shares of the company’s stock after selling 189 shares during the quarter. SPDR S&P Dividend ETF makes up approximately 2.5% of Precedent Wealth Partners LLC’s holdings, making the stock its 8th biggest position. Precedent Wealth Partners LLC owned about 0.05% of SPDR S&P Dividend ETF worth $10,366,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SPDR S&P Dividend ETF by 350.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock worth $43,000 after purchasing an additional 245 shares in the last quarter. Crews Bank & Trust lifted its holdings in SPDR S&P Dividend ETF by 98.2% in the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in SPDR S&P Dividend ETF in the 1st quarter worth approximately $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the 1st quarter worth approximately $50,000. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.5%

NYSEARCA SDY opened at $140.64 on Friday. The stock’s 50 day moving average is $139.83 and its 200 day moving average is $135.93. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45. The stock has a market cap of $20.34 billion, a PE ratio of 19.85 and a beta of 0.86.

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.