Alpha Cubed Investments LLC Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Alpha Cubed Investments LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,531 shares of the company’s stock after selling 2,490 shares during the period. Alpha Cubed Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SDY. International Assets Investment Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the period. JPMorgan Chase & Co. grew its stake in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Argent Capital Management LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $14,644,000. Sanctuary Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the second quarter worth about $10,044,000. Finally, Synovus Financial Corp raised its position in SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after acquiring an additional 42,078 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $133.77 on Tuesday. The company’s 50 day simple moving average is $136.60 and its 200-day simple moving average is $137.13. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The firm has a market capitalization of $21.16 billion, a PE ratio of 19.72 and a beta of 0.68.

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.