Tufton Capital Management Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tufton Capital Management lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,948 shares of the company’s stock after selling 617 shares during the period. Tufton Capital Management’s holdings in SPDR S&P Dividend ETF were worth $1,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SDY. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at about $211,000. Pinnacle Associates Ltd. grew its position in SPDR S&P Dividend ETF by 10.8% during the third quarter. Pinnacle Associates Ltd. now owns 10,127 shares of the company’s stock valued at $1,438,000 after buying an additional 989 shares during the period. O ROURKE & COMPANY Inc grew its position in SPDR S&P Dividend ETF by 4.5% during the third quarter. O ROURKE & COMPANY Inc now owns 3,627 shares of the company’s stock valued at $515,000 after buying an additional 155 shares during the period. Summit Wealth Partners LLC bought a new position in SPDR S&P Dividend ETF during the third quarter valued at about $213,000. Finally, Pursue Wealth Partners LLC grew its position in SPDR S&P Dividend ETF by 11.9% during the third quarter. Pursue Wealth Partners LLC now owns 10,146 shares of the company’s stock valued at $1,441,000 after buying an additional 1,082 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SDY opened at $136.47 on Friday. The firm has a market cap of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88. The firm has a 50-day moving average of $133.60 and a 200 day moving average of $137.67. SPDR S&P Dividend ETF has a fifty-two week low of $124.37 and a fifty-two 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.