Bank of New York Mellon Corp Has $134.37 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Bank of New York Mellon Corp reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 990,007 shares of the company’s stock after selling 34,761 shares during the period. Bank of New York Mellon Corp owned about 0.68% of SPDR S&P Dividend ETF worth $134,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Insight Inv LLC bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $40,000. Private Wealth Asset Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% during the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $50,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $136.08 on Friday. The company has a market cap of $19.57 billion, a P/E ratio of 19.85 and a beta of 0.79. The firm’s fifty day moving average price is $139.30 and its two-hundred day moving average price is $137.29. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45.

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.