Connecticut Wealth Management LLC Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Connecticut Wealth Management LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,668 shares of the company’s stock after selling 1,901 shares during the period. Connecticut Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,731,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Grimes & Company Inc. boosted its position in SPDR S&P Dividend ETF by 1.6% during the fourth quarter. Grimes & Company Inc. now owns 5,402 shares of the company’s stock valued at $675,000 after buying an additional 84 shares during the period. PFG Investments LLC boosted its position in SPDR S&P Dividend ETF by 1.0% during the fourth quarter. PFG Investments LLC now owns 8,451 shares of the company’s stock valued at $1,056,000 after buying an additional 86 shares during the period. PDS Planning Inc raised its stake in shares of SPDR S&P Dividend ETF by 0.6% during the fourth quarter. PDS Planning Inc now owns 16,889 shares of the company’s stock valued at $2,111,000 after acquiring an additional 97 shares during the last quarter. NBC Securities Inc. raised its stake in shares of SPDR S&P Dividend ETF by 4.0% during the first quarter. NBC Securities Inc. now owns 2,811 shares of the company’s stock valued at $368,000 after acquiring an additional 107 shares during the last quarter. Finally, Coston McIsaac & Partners raised its stake in shares of SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Coston McIsaac & Partners now owns 14,867 shares of the company’s stock valued at $1,858,000 after acquiring an additional 110 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.1 %

Shares of NYSEARCA:SDY traded up $0.11 during midday trading on Friday, hitting $126.50. 199,186 shares of the stock traded hands, compared to its average volume of 331,576. The stock has a market capitalization of $20.01 billion, a PE ratio of 19.72 and a beta of 0.68. The business’s 50 day moving average is $129.01 and its two-hundred day moving average is $126.96. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $132.49.

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.