Sanctuary Advisors LLC Sells 2,702 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sanctuary Advisors LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 96,359 shares of the company’s stock after selling 2,702 shares during the period. Sanctuary Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $13,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Ritholtz Wealth Management lifted its position in SPDR S&P Dividend ETF by 9.7% during the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock valued at $755,000 after purchasing an additional 505 shares during the last quarter. Franklin Resources Inc. lifted its position in SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares during the last quarter. FSA Wealth Management LLC bought a new position in SPDR S&P Dividend ETF during the third quarter valued at $3,488,000. Citigroup Inc. lifted its position in SPDR S&P Dividend ETF by 16.0% during the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock valued at $3,659,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in SPDR S&P Dividend ETF by 4.6% during the third quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock valued at $30,846,000 after purchasing an additional 9,594 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.6 %

SDY stock opened at $135.12 on Wednesday. SPDR S&P Dividend ETF has a 52 week low of $123.94 and a 52 week high of $144.45. The company has a fifty day simple moving average of $133.65 and a two-hundred day simple moving average of $137.53. The firm has a market capitalization of $21.38 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.