Choreo LLC Lowers Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Choreo LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,452 shares of the company’s stock after selling 545 shares during the period. Choreo LLC’s holdings in SPDR S&P Dividend ETF were worth $2,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Martin Capital Partners LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $402,000. Berkshire Money Management Inc. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $339,000. GEN Financial Management INC. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $794,000. Baltimore Washington Financial Advisors Inc. raised its stake in SPDR S&P Dividend ETF by 7.0% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 157,333 shares of the company’s stock valued at $20,784,000 after purchasing an additional 10,341 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $54,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $133.60 on Friday. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The firm’s 50 day simple moving average is $134.94 and its two-hundred day simple moving average is $137.47. The stock has a market capitalization of $21.14 billion, a P/E 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.