Steinberg Global Asset Management Has $397,000 Position in SPDR S&P Dividend ETF (SDY)

Steinberg Global Asset Management lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,353 shares of the company’s stock after selling 1,832 shares during the quarter. Steinberg Global Asset Management’s holdings in SPDR S&P Dividend ETF were worth $397,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $26,000. Arbor Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $32,000. Reilly Financial Advisors LLC raised its stake in SPDR S&P Dividend ETF by 105.5% during the fourth quarter. Reilly Financial Advisors LLC now owns 411 shares of the company’s stock worth $37,000 after purchasing an additional 211 shares during the period. Truvestments Capital LLC purchased a new position in SPDR S&P Dividend ETF during the first quarter worth approximately $45,000. Finally, Pinnacle Bank purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $46,000.

NYSEARCA:SDY opened at $101.21 on Wednesday. SPDR S&P Dividend ETF has a fifty-two week low of $84.28 and a fifty-two week high of $101.45.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were paid a $0.5309 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 15th.

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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.

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

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