Americana Partners LLC Sells 4,995 Shares of SPDR S&P Dividend ETF $SDY

Americana Partners LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.3% during the third quarter, Holdings Channel.com reports. The firm owned 39,387 shares of the company’s stock after selling 4,995 shares during the quarter. Americana Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $5,769,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Markowski Investments purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth about $28,000. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at about $29,000. Foresight Capital Management Advisors Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $30,000. Latitude Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $51,000. Finally, Evergreen Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at approximately $53,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

SPDR S&P Dividend ETF stock opened at $160.72 on Friday. The firm has a 50 day moving average of $153.44 and a 200 day moving average of $151.60. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $162.31.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.