Gunma Bank Ltd. Cuts Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Gunma Bank Ltd. lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,300 shares of the company’s stock after selling 15,700 shares during the quarter. SPDR S&P Dividend ETF accounts for 2.2% of Gunma Bank Ltd.’s portfolio, making the stock its 20th largest position. Gunma Bank Ltd.’s holdings in SPDR S&P Dividend ETF were worth $6,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in SDY. Clarius Group LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $356,000. Concourse Financial Group Securities Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 1.1% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 42,422 shares of the company’s stock valued at $6,026,000 after purchasing an additional 448 shares in the last quarter. McCarthy & Cox acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at about $359,000. Oxler Private Wealth LLC acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at about $206,000. Finally, Elk River Wealth Management LLC grew its stake in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after acquiring an additional 8,194 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.5 %

Shares of NYSEARCA SDY opened at $132.90 on Monday. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The company’s 50-day moving average price is $134.52 and its 200 day moving average price is $137.49.

About SPDR S&P Dividend ETF

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.