Northern Trust Corp Reduces Position in SPDR S&P Dividend ETF $SDY

Northern Trust Corp decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,737 shares of the company’s stock after selling 1,681 shares during the quarter. Northern Trust Corp owned about 0.07% of SPDR S&P Dividend ETF worth $14,618,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SDY. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 350.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock worth $43,000 after buying an additional 245 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $44,000. Crews Bank & Trust grew its holdings in shares of SPDR S&P Dividend ETF by 98.2% in the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter valued at about $45,000. Finally, Garde Capital Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the first quarter valued at about $52,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.2%

Shares of SDY opened at $140.10 on Thursday. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The firm has a 50-day moving average price of $139.19 and a 200 day moving average price of $135.40. The firm has a market capitalization of $20.50 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.