Wealth Enhancement Advisory Services LLC trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 169,140 shares of the company’s stock after selling 20,438 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.11% of SPDR S&P Dividend ETF worth $22,198,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SDY. Frazier Financial Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $27,000. Friedenthal Financial purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $29,000. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $30,000. Tennessee Valley Asset Management Partners purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $36,000. Finally, Bare Financial Services Inc purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $43,000.
SPDR S&P Dividend ETF Trading Up 0.1 %
Shares of SPDR S&P Dividend ETF stock opened at $127.34 on Friday. The company’s fifty day simple moving average is $129.13 and its two-hundred day simple moving average is $126.84. The company has a market cap of $20.15 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $132.49.
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.
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