Sentinel Pension Advisors Inc. Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sentinel Pension Advisors Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,488 shares of the company’s stock after selling 1,175 shares during the period. Sentinel Pension Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,206,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. raised its holdings in SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares in the last quarter. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $30,000. Farmers & Merchants Investments Inc. purchased a new position in SPDR S&P Dividend ETF during the first quarter worth about $33,000. Russell Investments Group Ltd. raised its holdings in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the second quarter worth about $34,000.

SPDR S&P Dividend ETF Stock Up 0.5 %

NYSEARCA SDY traded up $0.75 during trading hours on Wednesday, hitting $143.42. 25,460 shares of the stock were exchanged, compared to its average volume of 289,992. The company has a market cap of $22.69 billion, a price-to-earnings 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 $144.06. The stock has a 50-day moving average of $138.87 and a 200 day moving average of $132.73.

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.