Wealthspire Advisors LLC Lowers Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wealthspire Advisors LLC cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 52.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,492 shares of the company’s stock after selling 65,889 shares during the period. Wealthspire Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $7,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cherry Tree Wealth Management LLC increased its stake in SPDR S&P Dividend ETF by 6.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 2,381 shares of the company’s stock worth $298,000 after buying an additional 134 shares in the last quarter. Crestone Asset Management LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at approximately $214,000. Family Asset Management LLC raised its stake in SPDR S&P Dividend ETF by 2,463.3% during the 4th quarter. Family Asset Management LLC now owns 11,022 shares of the company’s stock valued at $1,377,000 after purchasing an additional 10,592 shares during the period. Apollon Wealth Management LLC lifted its holdings in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Apollon Wealth Management LLC now owns 19,888 shares of the company’s stock worth $2,485,000 after purchasing an additional 146 shares in the last quarter. Finally, NTV Asset Management LLC boosted its stake in SPDR S&P Dividend ETF by 7.3% in the 4th quarter. NTV Asset Management LLC now owns 3,327 shares of the company’s stock worth $416,000 after purchasing an additional 227 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock traded up $1.07 on Thursday, hitting $130.97. 390,952 shares of the company traded hands, compared to its average volume of 366,443. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The business has a 50-day simple moving average of $128.13 and a 200 day simple moving average of $123.60. The stock has a market capitalization of $20.72 billion, a P/E 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.