Sandy Cove Advisors LLC Reduces Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sandy Cove Advisors LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,468 shares of the company’s stock after selling 206 shares during the quarter. Sandy Cove Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDY. Key Client Fiduciary Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 3.7% in the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares during the period. Franklin Resources Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,222 shares in the last quarter. CX Institutional boosted its position in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after acquiring an additional 2,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR S&P Dividend ETF by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after purchasing an additional 2,705 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the third quarter worth approximately $3,488,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $133.77 on Friday. SPDR S&P Dividend ETF has a 1 year low of $121.52 and a 1 year high of $144.45. The firm has a market cap of $21.16 billion, a PE ratio of 19.72 and a beta of 0.68. The company has a 50 day simple moving average of $136.76 and a two-hundred day simple moving average of $136.93.

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.