Tufton Capital Management cut its holdings in SPDR S&P Dividend ETF ( NYSEARCA:SDY – Free Report ) by 1.5% during the first quarter, HoldingsChannel reports. The fund owned 11,409 shares of the company's stock after selling 173 shares during the period. Tufton Capital Management's holdings in SPDR S&P Dividend ETF were worth $1,411,000 at the end of the most recent quarter. Other large investors have also recently added to or reduced their stakes in the company. United Bank raised its position in SPDR S&P Dividend ETF by 3.

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