Baltimore Washington Financial Advisors Inc. Has $4.13 Million Position in SPDR S&P Dividend ETF $SDY

Baltimore Washington Financial Advisors Inc. lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 82.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,460 shares of the company’s stock after selling 133,942 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC raised its position in shares of SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Flagship Wealth Advisors LLC increased its stake in SPDR S&P Dividend ETF by 625.0% in the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Compass Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF in the third quarter worth $29,000. Global Wealth Strategies & Associates boosted its position in shares of 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 in the last quarter. Finally, Total Investment Management Inc. bought a new position in shares of SPDR S&P Dividend ETF during the second quarter worth $43,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.6%

Shares of SDY stock opened at $151.45 on Friday. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $156.39. The firm has a fifty day moving average of $149.06 and a 200-day moving average of $142.84. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

SPDR S&P Dividend ETF Company 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.