Altus Wealth Group LLC Has $6.47 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Altus Wealth Group LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 23.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,891 shares of the company’s stock after selling 15,824 shares during the period. SPDR S&P Dividend ETF comprises about 3.2% of Altus Wealth Group LLC’s investment portfolio, making the stock its 7th largest position. Altus Wealth Group LLC’s holdings in SPDR S&P Dividend ETF were worth $6,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock worth $313,308,000 after buying an additional 13,755 shares during the period. UBS Group AG grew its holdings in SPDR S&P Dividend ETF by 3.5% during the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after acquiring an additional 67,304 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in SPDR S&P Dividend ETF by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,115,618 shares of the company’s stock worth $139,419,000 after acquiring an additional 2,835 shares in the last quarter. Pathstone Holdings LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $94,819,000. Finally, Cetera Investment Advisers raised its holdings in shares of SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $138.57 on Friday. The stock has a market capitalization of $21.92 billion, a PE ratio of 19.72 and a beta of 0.68. The company has a 50 day moving average price of $133.29 and a 200-day moving average price of $130.10. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $140.15.

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.