Flputnam Investment Management Co. Cuts Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Flputnam Investment Management Co. trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,408 shares of the company’s stock after selling 523 shares during the period. Flputnam Investment Management Co.’s holdings in SPDR S&P Dividend ETF were worth $1,551,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. United Bank raised its position in shares of SPDR S&P Dividend ETF by 3.8% in the 1st quarter. United Bank now owns 31,716 shares of the company’s stock worth $4,063,000 after acquiring an additional 1,169 shares in the last quarter. Citigroup Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 15.3% in the first quarter. Citigroup Inc. now owns 27,959 shares of the company’s stock valued at $3,582,000 after purchasing an additional 3,702 shares during the period. Blair William & Co. IL boosted its stake in shares of SPDR S&P Dividend ETF by 3.4% in the first quarter. Blair William & Co. IL now owns 73,269 shares of the company’s stock worth $9,386,000 after buying an additional 2,390 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 2.3% in the first quarter. Baird Financial Group Inc. now owns 178,415 shares of the company’s stock worth $22,857,000 after buying an additional 3,996 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of SPDR S&P Dividend ETF by 51.7% in the first quarter. Brown Brothers Harriman & Co. now owns 1,183 shares of the company’s stock worth $152,000 after buying an additional 403 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.6 %

Shares of SDY stock opened at $124.60 on Wednesday. The company has a market capitalization of $19.82 billion, a P/E ratio of 19.41 and a beta of 0.73. The business’s 50 day moving average is $126.98 and its two-hundred day moving average is $122.07. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67.

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.