SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,989 shares of the company’s stock after selling 480 shares during the period. SPDR S&P Dividend ETF accounts for 8.4% of Sard Wealth Management Group LLC’s investment portfolio, making the stock its 5th biggest holding. Sard Wealth Management Group LLC owned 0.06% of SPDR S&P Dividend ETF worth $12,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SDY. Joel Isaacson & Co. LLC grew its stake in SPDR S&P Dividend ETF by 0.6% in the first quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock valued at $313,308,000 after purchasing an additional 13,755 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after buying an additional 509,007 shares in the last quarter. MAI Capital Management grew its stake in shares of SPDR S&P Dividend ETF by 1.4% in the 1st quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after buying an additional 7,095 shares in the last quarter. Creative Planning increased its holdings in SPDR S&P Dividend ETF by 1.1% in the second quarter. Creative Planning now owns 461,739 shares of the company’s stock worth $58,724,000 after buying an additional 4,963 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its position in SPDR S&P Dividend ETF by 2.2% during the third quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after acquiring an additional 8,194 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.1 %

SDY stock traded down $0.13 during trading hours on Friday, hitting $143.04. The company’s stock had a trading volume of 34,896 shares, compared to its average volume of 288,738. The stock has a 50 day moving average price of $139.30 and a two-hundred day moving average price of $132.88. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $144.06. The company has a market capitalization of $22.63 billion, a PE ratio of 19.72 and a beta of 0.68.

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.