Spinnaker Investment Group LLC Sells 1,556 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Spinnaker Investment Group LLC reduced its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,773 shares of the company’s stock after selling 1,556 shares during the period. Spinnaker Investment Group LLC’s holdings in SPDR S&P Dividend ETF were worth $394,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SDY. Accredited Investors Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at about $696,000. Natixis Advisors LLC increased its stake in SPDR S&P Dividend ETF by 23.3% during the third quarter. Natixis Advisors LLC now owns 28,194 shares of the company’s stock valued at $4,005,000 after acquiring an additional 5,324 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $207,000. King Wealth Management Group lifted its position in shares of SPDR S&P Dividend ETF by 9.1% in the 3rd quarter. King Wealth Management Group now owns 2,997 shares of the company’s stock worth $426,000 after acquiring an additional 251 shares during the period. Finally, Summit Asset Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $210,000.

SPDR S&P Dividend ETF Trading Down 0.2 %

Shares of NYSEARCA SDY opened at $139.67 on Friday. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $117.25 and a one year high of $144.06. The business has a fifty day simple moving average of $140.68 and a 200 day simple moving average of $134.77.

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.