Truist Financial Corp Sells 86,196 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Truist Financial Corp lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 890,488 shares of the company’s stock after selling 86,196 shares during the quarter. Truist Financial Corp owned approximately 0.56% of SPDR S&P Dividend ETF worth $113,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. increased its holdings in SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after acquiring an additional 96 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter worth $30,000. Farmers & Merchants Investments Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter valued at $33,000. Russell Investments Group Ltd. lifted its stake in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after buying an additional 127 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 2nd quarter worth $34,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $141.89 on Wednesday. The stock has a fifty day simple moving average of $137.35 and a two-hundred day simple moving average of $131.91. The firm has a market capitalization of $22.45 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week 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.