SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,863 shares of the company’s stock after selling 376 shares during the period. Valley Wealth Managers Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,668,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings 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 acquiring an additional 577 shares during the period. HBK Sorce Advisory LLC lifted 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 worth $521,000 after purchasing an additional 1,910 shares in the last quarter. TIAA Trust National Association raised its stake in shares of SPDR S&P Dividend ETF by 31.4% in the first quarter. TIAA Trust National Association now owns 13,263 shares of the company’s stock valued at $1,741,000 after acquiring an additional 3,170 shares in the last quarter. Finally, MAS Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 7.4% in the 1st quarter. MAS Advisors LLC now owns 30,952 shares of the company’s stock valued at $4,062,000 after buying an additional 2,126 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock traded up $0.10 during trading on Friday, hitting $140.00. 18,583 shares of the stock were exchanged, compared to its average volume of 280,593. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average price is $140.64 and its 200 day moving average price is $134.64. SPDR S&P Dividend ETF has a 12-month low of $117.25 and a 12-month 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.