Fifth Third Bancorp Decreases Holdings in SPDR S&P Dividend ETF $SDY

Fifth Third Bancorp cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,790 shares of the company’s stock after selling 89 shares during the period. Fifth Third Bancorp’s holdings in SPDR S&P Dividend ETF were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealth Advisory Solutions LLC raised its stake in SPDR S&P Dividend ETF by 3.1% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after buying an additional 78 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in SPDR S&P Dividend ETF by 52.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,942 shares of the company’s stock worth $264,000 after purchasing an additional 667 shares during the period. GAMMA Investing LLC raised its holdings in SPDR S&P Dividend ETF by 14.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $361,000 after purchasing an additional 334 shares during the period. Lewis Asset Management LLC raised its holdings in SPDR S&P Dividend ETF by 12.6% in the 2nd quarter. Lewis Asset Management LLC now owns 27,933 shares of the company’s stock worth $3,791,000 after purchasing an additional 3,115 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in SPDR S&P Dividend ETF by 15.7% in the 2nd quarter. Park Avenue Securities LLC now owns 11,458 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,551 shares during the period. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $139.33 on Monday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The stock’s fifty day moving average is $139.80 and its 200 day moving average is $135.78. The stock has a market cap of $20.39 billion, a P/E ratio of 19.85 and a beta of 0.86.

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.