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

Marcum Wealth LLC trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,350 shares of the company’s stock after selling 114 shares during the period. Marcum Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. lifted its position in shares of SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 96 shares during the period. Friedenthal Financial acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $29,000. Scarborough Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $33,000.

SPDR S&P Dividend ETF Stock Down 2.2 %

Shares of SPDR S&P Dividend ETF stock traded down $2.95 during trading on Monday, hitting $131.40. 465,764 shares of the company were exchanged, compared to its average volume of 323,111. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $136.03. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm has a 50 day moving average price of $129.63 and a 200 day moving average price of $128.05.

About SPDR S&P Dividend ETF

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.