Trust Co. of Vermont Boosts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Trust Co. of Vermont lifted its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,239 shares of the company’s stock after buying an additional 423 shares during the period. Trust Co. of Vermont’s holdings in SPDR S&P Dividend ETF were worth $1,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Key Client Fiduciary Advisors LLC increased its stake in SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares during the period. Franklin Resources Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the last quarter. CX Institutional increased its stake in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after buying an additional 2,580 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR S&P Dividend ETF by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock valued at $12,387,000 after buying an additional 2,705 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $3,488,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

SDY stock opened at $133.77 on Friday. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average price is $136.76 and its two-hundred day moving average price is $136.93. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month 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.