Flagstar Advisors Inc. Has $1.22 Million Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Flagstar Advisors Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,328 shares of the company’s stock after selling 80 shares during the period. Flagstar Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in SPDR S&P Dividend ETF by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 198,863 shares of the company’s stock worth $22,872,000 after purchasing an additional 616 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 2.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 11,539 shares of the company’s stock valued at $1,327,000 after buying an additional 296 shares during the last quarter. Natixis Advisors L.P. boosted its position in SPDR S&P Dividend ETF by 8.5% during the 3rd quarter. Natixis Advisors L.P. now owns 12,958 shares of the company’s stock worth $1,490,000 after buying an additional 1,014 shares during the period. Operose Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 61.5% during the 3rd quarter. Operose Advisors LLC now owns 969 shares of the company’s stock worth $111,000 after acquiring an additional 369 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in SPDR S&P Dividend ETF by 44.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 786 shares of the company’s stock valued at $90,000 after acquiring an additional 243 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.4 %

NYSEARCA:SDY traded down $0.52 during trading hours on Wednesday, hitting $127.26. 266,465 shares of the company were exchanged, compared to its average volume of 336,155. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a fifty day simple moving average of $129.08 and a 200 day simple moving average of $126.83. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $132.49.

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.