Neumann Capital Management LLC Decreases Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Neumann Capital Management LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 37.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,408 shares of the company’s stock after selling 27,398 shares during the period. SPDR S&P Dividend ETF makes up 2.1% of Neumann Capital Management LLC’s portfolio, making the stock its 13th largest position. Neumann Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $6,450,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SDY. Capital Performance Advisors LLP bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at about $32,000. Russell Investments Group Ltd. boosted its holdings in shares of SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth about $34,000. Finally, Assetmark Inc. grew its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY opened at $139.95 on Friday. SPDR S&P Dividend ETF has a one year low of $117.25 and a one year high of $144.06. The business has a 50 day simple moving average of $140.61 and a two-hundred day simple moving average of $134.60. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.