Patten & Patten Inc. TN Reduces Holdings in SPDR S&P Dividend (SDY)

Patten & Patten Inc. TN decreased its holdings in SPDR S&P Dividend (NYSEARCA:SDY) by 27.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,966 shares of the company’s stock after selling 1,500 shares during the period. Patten & Patten Inc. TN’s holdings in SPDR S&P Dividend were worth $375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of SPDR S&P Dividend by 11.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,164 shares of the company’s stock worth $5,684,000 after buying an additional 6,154 shares during the last quarter. Stokes & Hubbell Capital Management LLC boosted its holdings in SPDR S&P Dividend by 9.4% in the fourth quarter. Stokes & Hubbell Capital Management LLC now owns 50,985 shares of the company’s stock worth $4,817,000 after purchasing an additional 4,361 shares during the period. Macnealy Hoover Investment Management Inc. acquired a new position in SPDR S&P Dividend in the fourth quarter worth $231,000. Hollencrest Capital Management boosted its holdings in SPDR S&P Dividend by 32.1% in the fourth quarter. Hollencrest Capital Management now owns 44,393 shares of the company’s stock worth $4,195,000 after purchasing an additional 10,776 shares during the period. Finally, Diversified Trust Co acquired a new position in SPDR S&P Dividend in the fourth quarter worth $689,000.

Shares of SPDR S&P Dividend (NYSEARCA:SDY) traded up $0.71 on Wednesday, hitting $92.09. 737,963 shares of the stock traded hands, compared to its average volume of 845,496. SPDR S&P Dividend has a 52 week low of $86.38 and a 52 week high of $98.29. The firm has a market capitalization of $15,620.00 and a P/E ratio of 28.65.

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SPDR S&P Dividend 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.

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

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