1ST Source Bank Reduces Holdings in SPDR S&P Dividend ETF $SDY

1ST Source Bank lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 607,596 shares of the company’s stock after selling 123,604 shares during the period. SPDR S&P Dividend ETF accounts for approximately 4.5% of 1ST Source Bank’s investment portfolio, making the stock its 5th largest holding. 1ST Source Bank owned about 0.42% of SPDR S&P Dividend ETF worth $85,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after acquiring an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in SPDR S&P Dividend ETF by 0.8% during the third quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock valued at $373,522,000 after acquiring an additional 22,123 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in SPDR S&P Dividend ETF by 125.3% in the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after acquiring an additional 7,179,596 shares during the period. MAI Capital Management grew its position in SPDR S&P Dividend ETF by 0.7% during the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock valued at $108,172,000 after buying an additional 5,300 shares during the period. Finally, Cetera Investment Advisers raised its holdings in SPDR S&P Dividend ETF by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 699,649 shares of the company’s stock worth $94,963,000 after purchasing an additional 3,929 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 NYSEARCA SDY opened at $155.05 on Friday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.12. The firm has a fifty day moving average of $147.39 and a 200 day moving average of $142.25. The firm has a market cap of $21.99 billion, a PE ratio of 19.85 and a beta of 0.79.

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.