Sard Wealth Management Group LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sard Wealth Management Group LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,985 shares of the company’s stock after selling 1,004 shares during the quarter. SPDR S&P Dividend ETF accounts for about 7.9% of Sard Wealth Management Group LLC’s holdings, making the stock its 5th biggest position. Sard Wealth Management Group LLC owned approximately 0.06% of SPDR S&P Dividend ETF worth $11,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SDY. Coston McIsaac & Partners lifted its stake in SPDR S&P Dividend ETF by 0.5% during the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock valued at $2,058,000 after acquiring an additional 72 shares in the last quarter. Marshall Financial Group LLC raised its holdings in shares of SPDR S&P Dividend ETF by 3.7% in the third quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.6% during the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock valued at $1,861,000 after purchasing an additional 73 shares in the last quarter. WealthBridge Capital Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 1.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock valued at $595,000 after purchasing an additional 75 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its holdings in SPDR S&P Dividend ETF by 2.1% during the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after purchasing an additional 76 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $133.15 on Friday. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The firm has a 50-day moving average price of $137.07 and a two-hundred day moving average price of $136.90. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.