Confluence Investment Management LLC Sells 7,479 Shares of SPDR S&P Dividend ETF $SDY

Confluence Investment Management LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,791 shares of the company’s stock after selling 7,479 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $9,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Insight Inv LLC purchased a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth about $27,000. Global Wealth Strategies & Associates boosted its position in SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $40,000. Private Wealth Asset Management LLC raised its position in shares of SPDR S&P Dividend ETF by 1,245.5% in the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Finally, Total Investment Management Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.2%

SDY opened at $139.71 on Wednesday. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $143.49. The company has a market cap of $20.09 billion, a PE ratio of 19.85 and a beta of 0.79. The company has a 50 day moving average of $138.98 and a 200 day moving average of $138.82.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.