Bessemer Group Inc. Reduces Position in SPDR S&P Dividend ETF $SDY

Bessemer Group Inc. decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 34.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,447 shares of the company’s stock after selling 11,881 shares during the period. Bessemer Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $3,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SDY. Brighton Jones LLC increased its holdings in shares of SPDR S&P Dividend ETF by 404.5% in the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the last quarter. AQR Capital Management LLC grew its holdings in SPDR S&P Dividend ETF by 49.5% in the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after buying an additional 2,627 shares in the last quarter. QRG Capital Management Inc. grew its holdings in SPDR S&P Dividend ETF by 11.3% in the 2nd quarter. QRG Capital Management Inc. now owns 2,154 shares of the company’s stock valued at $292,000 after buying an additional 219 shares in the last quarter. US Bancorp DE increased its stake in shares of SPDR S&P Dividend ETF by 21.2% in the 2nd quarter. US Bancorp DE now owns 94,604 shares of the company’s stock worth $12,841,000 after acquiring an additional 16,523 shares during the last quarter. Finally, Leo Wealth LLC raised its holdings in shares of SPDR S&P Dividend ETF by 8.5% during the 2nd quarter. Leo Wealth LLC now owns 2,173 shares of the company’s stock worth $295,000 after acquiring an additional 171 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.9%

Shares of SDY stock opened at $153.40 on Friday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $153.81. The company’s 50-day moving average price is $143.39 and its 200-day moving average price is $140.70. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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.