Lincoln National Corp lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,234 shares of the company’s stock after selling 3,305 shares during the period. Lincoln National Corp owned approximately 0.06% of SPDR S&P Dividend ETF worth $11,423,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $32,000. Archford Capital Strategies LLC acquired a new position in SPDR S&P Dividend ETF during the 1st quarter valued at about $59,000. Armor Investment Advisors LLC increased its stake in SPDR S&P Dividend ETF by 260.0% during the 1st quarter. Armor Investment Advisors LLC now owns 630 shares of the company’s stock valued at $63,000 after buying an additional 455 shares during the period. Kavar Capital Partners LLC acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at about $70,000. Finally, Meridian Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF during the 1st quarter valued at about $73,000.
SPDR S&P Dividend ETF stock traded down $1.43 during trading hours on Friday, hitting $97.99. 11,280 shares of the company traded hands, compared to its average volume of 626,291. The firm’s 50-day simple moving average is $100.62 and its two-hundred day simple moving average is $99.65. SPDR S&P Dividend ETF has a 1-year low of $84.28 and a 1-year high of $102.96.
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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