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

Jeppson Wealth Management LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 10,750 shares of the company’s stock after selling 390 shares during the period. Jeppson Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,420,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SDY. Coston McIsaac & Partners grew its position in SPDR S&P Dividend ETF by 0.5% in the third quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after acquiring an additional 72 shares during the period. Marshall Financial Group LLC lifted its stake in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after purchasing an additional 73 shares during the period. WealthBridge Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after purchasing an additional 75 shares during the period. Finally, M3 Advisory Group LLC increased its position in shares of SPDR S&P Dividend ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after purchasing an additional 76 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $136.34 on Tuesday. The stock has a market capitalization of $21.57 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average is $136.10 and its two-hundred day moving average is $137.34. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45.

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.