Truepoint Inc. Sells 264 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Truepoint Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.7% in the third quarter, Holdings Channel reports. The fund owned 3,677 shares of the company’s stock after selling 264 shares during the quarter. Truepoint Inc.’s holdings in SPDR S&P Dividend ETF were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $32,000. Russell Investments Group Ltd. raised its holdings in SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after buying an additional 127 shares during the period. Opal Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at $34,000. Finally, Assetmark Inc. raised its holdings in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $142.31 on Friday. The stock’s fifty day moving average is $140.83 and its 200 day moving average is $135.19. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06. The firm has a market capitalization of $22.51 billion, a PE 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.