Pallas Capital Advisors LLC Reduces Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pallas Capital Advisors LLC decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,722 shares of the company’s stock after selling 242 shares during the quarter. Pallas Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at about $10,044,000. Synovus Financial Corp raised its stake in SPDR S&P Dividend ETF by 88.6% in the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after buying an additional 42,078 shares in the last quarter. Finally, Nwam LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter worth about $5,274,000.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $129.91 on Tuesday. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average price is $137.42 and its two-hundred day moving average price is $136.91.

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.