Ledyard National Bank Trims Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ledyard National Bank reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,007 shares of the company’s stock after selling 628 shares during the period. Ledyard National Bank’s holdings in SPDR S&P Dividend ETF were worth $1,990,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SDY. Fifth Third Securities Inc. raised its stake in SPDR S&P Dividend ETF by 7.9% in the second quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock valued at $1,598,000 after buying an additional 922 shares during the last quarter. LRI Investments LLC acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $492,000. Choreo LLC grew its stake in SPDR S&P Dividend ETF by 6.7% during the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,276 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the second quarter valued at about $199,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in SPDR S&P Dividend ETF during the 1st quarter worth approximately $42,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $142.51 on Tuesday. The company’s fifty day moving average price is $139.70 and its 200-day moving average price is $133.11. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $144.06. The firm has a market capitalization of $22.55 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF 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.