1ST Source Bank Cuts Stock Holdings in SPDR S&P Dividend ETF $SDY

1ST Source Bank cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 450,028 shares of the company’s stock after selling 35,430 shares during the period. SPDR S&P Dividend ETF makes up 3.4% of 1ST Source Bank’s holdings, making the stock its 5th largest position. 1ST Source Bank’s holdings in SPDR S&P Dividend ETF were worth $65,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after buying an additional 14,829 shares during the period. AQR Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 49.5% during the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after buying an additional 2,627 shares in the last quarter. First Trust Advisors LP raised its position in SPDR S&P Dividend ETF by 30.4% in the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after buying an additional 7,493 shares during the last quarter. NewEdge Advisors LLC raised its position in SPDR S&P Dividend ETF by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after buying an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 1.0%

NYSEARCA:SDY opened at $153.04 on Wednesday. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $156.82. The business has a 50 day moving average price of $150.66 and a two-hundred day moving average price of $149.02. The company has a market cap of $21.50 billion, a P/E ratio of 19.85 and a beta of 0.69.

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