Investment Advisory Group LLC Lowers Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Investment Advisory Group LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,807 shares of the company’s stock after selling 165 shares during the period. Investment Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $601,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Grimes & Company Inc. lifted its holdings in SPDR S&P Dividend ETF by 1.6% during the fourth quarter. Grimes & Company Inc. now owns 5,402 shares of the company’s stock valued at $675,000 after purchasing an additional 84 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 1.0% in the fourth quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock worth $1,056,000 after buying an additional 86 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 1.4% in the third quarter. My Legacy Advisors LLC now owns 6,614 shares of the company’s stock worth $745,000 after buying an additional 93 shares in the last quarter. PPS&V Asset Management Consultants Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the third quarter. PPS&V Asset Management Consultants Inc. now owns 12,365 shares of the company’s stock worth $1,422,000 after buying an additional 97 shares in the last quarter. Finally, GEM Asset Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 2.6% in the third quarter. GEM Asset Management LLC now owns 3,891 shares of the company’s stock worth $448,000 after buying an additional 99 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded down $0.31 during mid-day trading on Tuesday, hitting $125.05. The company had a trading volume of 144,999 shares, compared to its average volume of 395,543. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $131.67. The stock’s 50 day moving average price is $126.95 and its 200-day moving average price is $122.01. The company has a market capitalization of $19.89 billion, a P/E ratio of 19.41 and a beta of 0.73.

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.