Albion Financial Group UT Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Albion Financial Group UT lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,275 shares of the company’s stock after selling 158 shares during the quarter. Albion Financial Group UT’s holdings in SPDR S&P Dividend ETF were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SDY. Hyperion Partners LLC lifted its position in SPDR S&P Dividend ETF by 5.4% during the third quarter. Hyperion Partners LLC now owns 185,217 shares of the company’s stock valued at $26,308,000 after purchasing an additional 9,528 shares in the last quarter. Sanibel Captiva Trust Company Inc. lifted its position in shares of SPDR S&P Dividend ETF by 34.8% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 11,016 shares of the company’s stock valued at $1,565,000 after buying an additional 2,845 shares in the last quarter. Wedmont Private Capital grew its stake in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. Wedmont Private Capital now owns 4,178 shares of the company’s stock valued at $584,000 after acquiring an additional 160 shares during the period. City Holding Co. grew its stake in shares of SPDR S&P Dividend ETF by 16.6% during the 3rd quarter. City Holding Co. now owns 1,894 shares of the company’s stock valued at $269,000 after acquiring an additional 270 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $213,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $140.19 on Friday. The company has a 50 day simple moving average of $138.30 and a two-hundred day simple moving average of $132.44. The firm has a market cap of $22.18 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $142.62.

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.