Archer Investment Corp Sells 1,340 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Archer Investment Corp trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 29.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,273 shares of the company’s stock after selling 1,340 shares during the quarter. Archer Investment Corp’s holdings in SPDR S&P Dividend ETF were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SDY. Signature Estate & Investment Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter worth approximately $207,000. King Wealth Management Group grew its stake in SPDR S&P Dividend ETF by 9.1% in the third quarter. King Wealth Management Group now owns 2,997 shares of the company’s stock valued at $426,000 after acquiring an additional 251 shares during the period. Summit Asset Management LLC acquired a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $210,000. Kovack Advisors Inc. grew its stake in SPDR S&P Dividend ETF by 2.9% in the third quarter. Kovack Advisors Inc. now owns 7,225 shares of the company’s stock valued at $1,026,000 after acquiring an additional 203 shares during the period. Finally, Pinnacle Financial Partners Inc grew its stake in SPDR S&P Dividend ETF by 1.0% in the third quarter. Pinnacle Financial Partners Inc now owns 10,889 shares of the company’s stock valued at $1,547,000 after acquiring an additional 112 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock traded up $0.29 during mid-day trading on Friday, reaching $140.19. The stock had a trading volume of 18,481 shares, compared to its average volume of 280,593. SPDR S&P Dividend ETF has a fifty-two week low of $117.25 and a fifty-two week high of $144.06. The stock’s 50-day simple moving average is $140.64 and its 200-day simple moving average is $134.64. The firm has a market capitalization of $22.18 billion, a PE ratio of 19.72 and a beta of 0.68.

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.