HB Wealth Management LLC Sells 2,728 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

HB Wealth Management LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,786 shares of the company’s stock after selling 2,728 shares during the period. HB Wealth Management LLC owned approximately 0.06% of SPDR S&P Dividend ETF worth $11,596,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SDY. Mercer Global Advisors Inc. ADV raised its holdings in shares of SPDR S&P Dividend ETF by 3.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 104,273 shares of the company’s stock worth $12,362,000 after acquiring an additional 3,261 shares during the last quarter. WCG Wealth Advisors LLC raised its position in SPDR S&P Dividend ETF by 0.8% in the second quarter. WCG Wealth Advisors LLC now owns 10,357 shares of the company’s stock worth $1,317,000 after acquiring an additional 83 shares during the period. Brighton Jones LLC boosted its position in SPDR S&P Dividend ETF by 3.0% during the second quarter. Brighton Jones LLC now owns 18,192 shares of the company’s stock worth $2,314,000 after purchasing an additional 529 shares during the period. Ieq Capital LLC grew its stake in SPDR S&P Dividend ETF by 6.7% in the 2nd quarter. Ieq Capital LLC now owns 42,757 shares of the company’s stock valued at $5,438,000 after buying an additional 2,671 shares in the last quarter. Finally, Retirement Investment Advisors Inc. purchased a new stake in shares of SPDR S&P Dividend ETF during the second quarter worth $2,198,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded up $0.62 during trading hours on Friday, hitting $133.77. The company had a trading volume of 245,814 shares, compared to its average volume of 403,783. The firm has a 50 day simple moving average of $136.92 and a 200 day simple moving average of $136.88. 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 market capitalization of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.