Richard Bernstein Advisors LLC Sells 26,509 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Richard Bernstein Advisors LLC trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,212,109 shares of the company’s stock after selling 26,509 shares during the period. SPDR S&P Dividend ETF makes up about 3.6% of Richard Bernstein Advisors LLC’s holdings, making the stock its 7th largest holding. Richard Bernstein Advisors LLC owned approximately 0.77% of SPDR S&P Dividend ETF worth $160,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategent Financial LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $5,167,000. TruNorth Capital Management LLC lifted its position in SPDR S&P Dividend ETF by 466.6% in the fourth quarter. TruNorth Capital Management LLC now owns 3,921 shares of the company’s stock valued at $518,000 after buying an additional 3,229 shares during the last quarter. BankPlus Trust Department purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $101,000. IFP Advisors Inc increased its position in shares of SPDR S&P Dividend ETF by 8.3% during the fourth quarter. IFP Advisors Inc now owns 12,477 shares of the company’s stock valued at $1,648,000 after acquiring an additional 954 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $410,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $137.88 on Wednesday. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45. The firm’s 50 day moving average price is $133.44 and its 200-day moving average price is $137.69. The firm has a market cap of $21.81 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.