EverSource Wealth Advisors LLC Has $2.11 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

EverSource Wealth Advisors LLC lowered its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 43.9% in the fourth quarter, HoldingsChannel reports. The firm owned 15,974 shares of the company’s stock after selling 12,475 shares during the period. EverSource Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $2,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDY. Avion Wealth boosted its holdings in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares during the period. Kestra Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $31,000. Noble Wealth Management PBC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $32,000. Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $34,000. Finally, Assetmark Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period.

SPDR S&P Dividend ETF Trading Down 1.3 %

Shares of SDY stock opened at $133.58 on Thursday. The stock has a market cap of $19.98 billion, a P/E ratio of 21.48 and a beta of 0.88. The stock has a 50 day simple moving average of $134.33 and a 200 day simple moving average of $137.76. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45.

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.