This article first appeared on GuruFocus.
State Street SPDR S&P Dividend ETF (SDY) was one of the ETFs selling last Friday, with 110 positions decreased against 45 increased. The $23.87 billion fund recorded $3.76 billion in gross ETF activity and net sales of $1.63 billion.
What did SDY buy on Friday?
Its largest buys by dollar value were NEE ($73.4 million), MCD ($68.2 million) and CMI ($66.4 million).
What did SDY sell on Friday?
Its largest sells by dollar value were ACN ($576.0 million), CVX ($173.9 million) and BDX ($127.4 million).
The largest sale was Accenture (ACN), cut by 2,230,500 shares for $576.0 million, followed by Chevron (CVX) at $173.9 million, Becton Dickinson (BDX) at $127.4 million, Automatic Data Processing (ADP) at $112.7 million and ExxonMobil (XOM) at $107.9 million. On the buy side, SDY added 876,700 NextEra Energy (NEE) shares worth $73.4 million, 264,320 McDonald’s (MCD) shares worth $68.2 million, Cummins (CMI) at $66.4 million, RB Global (RBA) at $64.1 million and L3Harris (LHX) at $60.7 million. None of the top buys or sells was a new position or a full exit.
How does SDY invest?
State Street SPDR S&P Dividend ETF (SDY) is an Equity US Income fund in the Equity asset class, holding 155 stocks, with 18.3% of assets in its 10 largest holdings. Industrials make up 18.6% of the classified stocks, Consumer Defensive 15.2% and Utilities 14.2%, while large caps account for 91.7% and mid caps 8.3%. It charges 0.35%, and its top holdings are Verizon (VZ) at 2.74%, Realty Income (O) at 2.17%, PepsiCo (<a href="https://www.gu
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
