B. Riley Wealth Advisors Inc. Has $2.29 Million Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

B. Riley Wealth Advisors Inc. decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,186 shares of the company’s stock after selling 5,657 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $32,000. Assetmark Inc. raised its position in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period. Strategic Investment Solutions Inc. IL raised its position in shares of SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $41,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $138.22 on Monday. The firm has a market cap of $21.87 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The stock’s 50-day moving average is $140.97 and its 200-day moving average is $136.37.

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.