Alpha Cubed Investments LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 39.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,235 shares of the company’s stock after selling 120,870 shares during the quarter. SPDR S&P Dividend ETF makes up 2.2% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 16th largest holding. Alpha Cubed Investments LLC owned 0.10% of SPDR S&P Dividend ETF worth $18,787,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Vigilant Capital Management LLC bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at $32,000. Truvestments Capital LLC bought a new stake in SPDR S&P Dividend ETF in the first quarter valued at $45,000. Pinnacle Bank bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $46,000. Archford Capital Strategies LLC bought a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth $59,000. Finally, Northwest Wealth Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 86.8% during the first quarter. Northwest Wealth Management LLC now owns 607 shares of the company’s stock worth $60,000 after purchasing an additional 282 shares during the last quarter.
Shares of SDY stock opened at $96.82 on Friday. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $102.96. The stock’s fifty day moving average is $100.93 and its 200-day moving average is $99.62.
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.
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