SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,769 shares of the company’s stock after selling 3,794 shares during the period. SlateStone Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $971,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $36,000. Cardiff Park Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 43.9% in the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after acquiring an additional 100 shares in the last quarter. Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 428.6% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares in the last quarter. Finally, West Oak Capital LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $53,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded up $0.60 on Tuesday, hitting $128.32. 127,093 shares of the stock traded hands, compared to its average volume of 385,018. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $131.67. The business’s fifty day moving average is $127.20 and its two-hundred day moving average is $122.45. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73.

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.