Neumann Capital Management LLC Increases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Neumann Capital Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 58,666 shares of the company’s stock after purchasing an additional 840 shares during the period. SPDR S&P Dividend ETF accounts for about 3.7% of Neumann Capital Management LLC’s portfolio, making the stock its 8th largest position. Neumann Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,918,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wetherby Asset Management Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 7.5% during the second quarter. Wetherby Asset Management Inc. now owns 15,358 shares of the company’s stock worth $1,549,000 after purchasing an additional 1,077 shares during the last quarter. Trustcore Financial Services LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.3% during the second quarter. Trustcore Financial Services LLC now owns 75,581 shares of the company’s stock valued at $7,625,000 after acquiring an additional 232 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 1.4% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 41,075 shares of the company’s stock valued at $4,144,000 after acquiring an additional 575 shares during the period. Brookstone Capital Management lifted its stake in shares of SPDR S&P Dividend ETF by 5.4% during the second quarter. Brookstone Capital Management now owns 75,392 shares of the company’s stock valued at $7,606,000 after acquiring an additional 3,841 shares during the period. Finally, Wolff Financial Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 5.9% during the second quarter. Wolff Financial Management LLC now owns 145,042 shares of the company’s stock valued at $14,632,000 after acquiring an additional 8,103 shares during the period.

Shares of SDY traded down $2.56 during trading hours on Monday, hitting $97.22. 28,717 shares of the stock traded hands, compared to its average volume of 639,422. SPDR S&P Dividend ETF has a 1-year low of $84.28 and a 1-year high of $102.96. The firm has a fifty day simple moving average of $101.48.

SPDR S&P Dividend ETF Company 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.

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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