Thrivent Financial for Lutherans Reduces Stock Holdings in SPDR S&P Dividend ETF $SDY

Thrivent Financial for Lutherans lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,954 shares of the company’s stock after selling 3,482 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR S&P Dividend ETF were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $5,486,000. Signal Advisors Wealth LLC purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at about $539,000. Canal Capital Management LLC boosted its holdings in SPDR S&P Dividend ETF by 106.8% in the 2nd quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock worth $1,130,000 after buying an additional 4,300 shares during the last quarter. Allworth Financial LP increased its stake in SPDR S&P Dividend ETF by 6.2% during the 2nd quarter. Allworth Financial LP now owns 27,993 shares of the company’s stock worth $3,799,000 after buying an additional 1,629 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 163,402 shares of the company’s stock valued at $22,179,000 after acquiring an additional 844 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $155.25 on Friday. The stock’s 50 day simple moving average is $144.82 and its 200-day simple moving average is $141.21. The company has a market cap of $22.01 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $156.06.

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