Pallas Capital Advisors LLC Cuts Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pallas Capital Advisors LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,722 shares of the company’s stock after selling 242 shares during the period. Pallas Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,152,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Key Client Fiduciary Advisors LLC increased its stake in SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after purchasing an additional 98 shares in the last quarter. Franklin Resources Inc. increased its position in shares of SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares in the last quarter. Retirement Investment Advisors Inc. purchased a new position in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $2,198,000. CX Institutional lifted its position in SPDR S&P Dividend ETF by 4.0% in the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after acquiring an additional 2,580 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P Dividend ETF by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock valued at $12,387,000 after purchasing an additional 2,705 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $129.91 on Tuesday. The stock has a market capitalization of $20.55 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The business has a fifty day moving average price of $137.42 and a 200-day moving average price of $136.91.

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.