Tyche Wealth Partners LLC Sells 1,519 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tyche Wealth Partners LLC cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,698 shares of the company’s stock after selling 1,519 shares during the period. Tyche Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDY. Ritholtz Wealth Management raised its stake in shares of SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after purchasing an additional 505 shares during the period. Key Client Fiduciary Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after purchasing an additional 98 shares during the period. Franklin Resources Inc. raised its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares during the period. CX Institutional increased its position in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after acquiring an additional 2,580 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at about $3,488,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $134.21 on Thursday. The stock’s 50-day simple moving average is $135.13 and its 200 day simple moving average is $137.49. The company has a market cap of $21.23 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45.

SPDR S&P Dividend ETF Company 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.