SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Aveo Capital Partners LLC

Aveo Capital Partners LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,030 shares of the company’s stock after selling 462 shares during the quarter. Aveo Capital Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $27,000. Riggs Asset Managment Co. Inc. raised its position in SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after buying an additional 96 shares during the last quarter. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth $30,000. Farmers & Merchants Investments Inc. purchased a new position in SPDR S&P Dividend ETF during the 1st quarter worth $33,000. Finally, Russell Investments Group Ltd. raised its holdings in SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.2 %

Shares of NYSEARCA:SDY opened at $139.54 on Thursday. The company has a market cap of $22.08 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $140.15. The company has a 50-day moving average price of $133.06 and a 200 day moving average price of $130.04.

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.