Etfidea LLC Decreases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Etfidea LLC lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,530 shares of the company’s stock after selling 449 shares during the quarter. SPDR S&P Dividend ETF comprises 1.4% of Etfidea LLC’s holdings, making the stock its 20th largest position. Etfidea LLC’s holdings in SPDR S&P Dividend ETF were worth $4,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coston McIsaac & Partners grew its stake in SPDR S&P Dividend ETF by 0.5% during the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after purchasing an additional 72 shares in the last quarter. Marshall Financial Group LLC boosted its position in shares of SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock worth $290,000 after acquiring an additional 73 shares in the last quarter. Roger Wittlin Investment Advisory LLC boosted its position in shares of SPDR S&P Dividend ETF by 0.6% during the 3rd quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after acquiring an additional 73 shares in the last quarter. WealthBridge Capital Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 1.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after acquiring an additional 75 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its position in shares of SPDR S&P Dividend ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after acquiring an additional 76 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $139.72 on Wednesday. The stock has a 50-day simple moving average of $140.72 and a 200-day simple moving average of $134.99. The stock has a market cap of $22.10 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $117.25 and a 1 year high of $144.06.

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.