Klingman & Associates LLC Sells 6,794 Shares of SPDR S&P Dividend ETF $SDY

Klingman & Associates LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% during the second quarter, HoldingsChannel reports. The fund owned 195,246 shares of the company’s stock after selling 6,794 shares during the quarter. SPDR S&P Dividend ETF makes up about 1.5% of Klingman & Associates LLC’s portfolio, making the stock its 21st biggest holding. Klingman & Associates LLC’s holdings in SPDR S&P Dividend ETF were worth $26,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SDY. Insight Inv LLC acquired a new stake in SPDR S&P Dividend ETF during the second quarter worth $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF during the second quarter worth $40,000. Private Wealth Asset Management LLC boosted its stake in SPDR S&P Dividend ETF by 1,245.5% during the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Crews Bank & Trust boosted its stake in SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock worth $44,000 after buying an additional 162 shares in the last quarter. Finally, Briaud Financial Planning Inc acquired a new stake in SPDR S&P Dividend ETF during the first quarter worth $45,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

SDY opened at $140.12 on Tuesday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The firm’s fifty day moving average price is $140.09 and its two-hundred day moving average price is $136.36. The company has a market capitalization of $20.18 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.