Cypress Capital Group Sells 2,319 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cypress Capital Group decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 48.2% during the 4th quarter, Holdings Channel reports. The firm owned 2,495 shares of the company’s stock after selling 2,319 shares during the quarter. Cypress Capital Group’s holdings in SPDR S&P Dividend ETF were worth $330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Joel Isaacson & Co. LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after purchasing an additional 54,648 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after purchasing an additional 122,858 shares in the last quarter. Destination Wealth Management boosted its position in shares of SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 shares in the last quarter. Elk River Wealth Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.6% during the 4th quarter. Elk River Wealth Management LLC now owns 395,119 shares of the company’s stock valued at $52,196,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Legacy Financial Group LLC boosted its position in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Legacy Financial Group LLC now owns 377,368 shares of the company’s stock valued at $49,850,000 after purchasing an additional 3,088 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $136.54 on Thursday. The business’s 50 day simple moving average is $133.93 and its two-hundred day simple moving average is $137.78. The firm has a market cap of $20.43 billion, a P/E ratio of 21.48 and a beta of 0.88. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45.

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.