Houlihan Financial Resource Group Ltd. Reduces Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Houlihan Financial Resource Group Ltd. lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,847 shares of the company’s stock after selling 967 shares during the period. SPDR S&P Dividend ETF accounts for approximately 2.5% of Houlihan Financial Resource Group Ltd.’s portfolio, making the stock its 12th biggest position. Houlihan Financial Resource Group Ltd.’s holdings in SPDR S&P Dividend ETF were worth $5,492,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $27,000. Friedenthal Financial acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at $29,000. Riggs Asset Managment Co. Inc. increased its stake in SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares during the period. Scarborough Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the first quarter worth about $33,000.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY traded up $1.12 on Friday, hitting $130.31. The company’s stock had a trading volume of 293,169 shares, compared to its average volume of 329,534. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $132.49. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock has a 50 day moving average of $129.01 and a 200-day moving average of $127.10.

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.