Lodestar Private Asset Management LLC Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Lodestar Private Asset Management LLC lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,639 shares of the company’s stock after selling 399 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF in the third quarter worth about $31,000. JNBA Financial Advisors bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $38,000.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $133.60 on Friday. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s fifty day moving average is $134.94 and its 200 day moving average is $137.47. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week 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.