Welch & Forbes LLC Sells 822 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Welch & Forbes LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,100 shares of the company’s stock after selling 822 shares during the period. Welch & Forbes LLC’s holdings in SPDR S&P Dividend ETF were worth $2,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Friedenthal Financial acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $36,000. Cardiff Park Advisors LLC boosted its position in SPDR S&P Dividend ETF by 43.9% in the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after buying an additional 100 shares in the last quarter. Assetmark Inc. grew its stake in SPDR S&P Dividend ETF by 428.6% during the third quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after buying an additional 300 shares during the last quarter. Finally, Bare Financial Services Inc acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $43,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY traded up $0.69 on Tuesday, hitting $129.88. The company’s stock had a trading volume of 201,594 shares, compared to its average volume of 366,350. The company has a market capitalization of $20.55 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67. The company has a 50 day moving average price of $128.04 and a 200 day moving average price of $123.56.

SPDR S&P Dividend ETF 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.