SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,210 shares of the company’s stock after selling 10,907 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SDY. Assetmark Inc. grew its stake in shares of SPDR S&P Dividend ETF by 428.6% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after buying an additional 300 shares during the period. Money Concepts Capital Corp raised its position in SPDR S&P Dividend ETF by 7.5% in the third quarter. Money Concepts Capital Corp now owns 1,926 shares of the company’s stock valued at $222,000 after purchasing an additional 134 shares during the period. Simplex Trading LLC lifted its stake in shares of SPDR S&P Dividend ETF by 51.0% in the 3rd quarter. Simplex Trading LLC now owns 1,069 shares of the company’s stock valued at $122,000 after purchasing an additional 361 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 143.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,615 shares of the company’s stock worth $646,000 after purchasing an additional 3,310 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in shares of SPDR S&P Dividend ETF by 35.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,212 shares of the company’s stock worth $370,000 after purchasing an additional 846 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $132.46 on Friday. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $132.46. The stock has a market capitalization of $20.96 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average is $128.81 and its two-hundred day moving average is $124.51.

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.