Hollencrest Capital Management Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Hollencrest Capital Management decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,267 shares of the company’s stock after selling 1,304 shares during the period. Hollencrest Capital Management’s holdings in SPDR S&P Dividend ETF were worth $1,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avion Wealth boosted its position in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the third quarter worth $31,000. Kestra Investment Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth $31,000. Noble Wealth Management PBC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth $32,000. Finally, Rialto Wealth Management LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth $34,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $135.35 on Wednesday. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45. The business’s fifty day moving average price is $134.30 and its 200-day moving average price is $137.79. The stock has a market capitalization of $20.25 billion, a PE ratio of 21.48 and a beta of 0.88.

SPDR S&P Dividend ETF 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.