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

Apollon Wealth Management LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,663 shares of the company’s stock after selling 555 shares during the quarter. Apollon Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. raised its position in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after buying an additional 127 shares during the period. SageView Advisory Group LLC increased its position in SPDR S&P Dividend ETF by 42.4% in the 1st quarter. SageView Advisory Group LLC now owns 5,904 shares of the company’s stock worth $775,000 after buying an additional 1,759 shares during the period. Kingsview Wealth Management LLC raised its stake in SPDR S&P Dividend ETF by 15.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,199 shares of the company’s stock valued at $551,000 after purchasing an additional 577 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of SPDR S&P Dividend ETF by 92.7% during the first quarter. HBK Sorce Advisory LLC now owns 3,970 shares of the company’s stock valued at $521,000 after buying an additional 1,910 shares during the last quarter. Finally, RFP Financial Group LLC acquired a new position in SPDR S&P Dividend ETF in the 1st quarter valued at approximately $125,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $140.78 on Thursday. The stock has a fifty day moving average price of $140.59 and a 200 day moving average price of $134.56. The stock has a market cap of $22.27 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $115.51 and a one year high of $144.06.

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.