Truist Financial Corp Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Truist Financial Corp reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,058,130 shares of the company’s stock after selling 52,152 shares during the quarter. Truist Financial Corp owned 0.59% of SPDR S&P Dividend ETF worth $132,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $36,000. Cardiff Park Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 43.9% during the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. lifted its holdings in SPDR S&P Dividend ETF by 428.6% during the third quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. Finally, West Oak Capital LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at about $53,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded down $0.41 during trading on Friday, hitting $127.49. 151,305 shares of the company’s stock traded hands, compared to its average volume of 379,128. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67. The business has a 50 day moving average of $127.56 and a 200-day moving average of $122.72.

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.