Wetzel Investment Advisors Inc. Reduces Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wetzel Investment Advisors Inc. decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,688 shares of the company’s stock after selling 423 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted 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 acquiring an additional 96 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares during the period. Strategic Investment Solutions Inc. IL boosted its holdings in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the second quarter worth approximately $38,000.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $138.18 on Monday. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company has a fifty day moving average price of $140.39 and a 200 day moving average price of $133.92. SPDR S&P Dividend ETF has a 12 month low of $112.91 and a 12 month high of $144.06.

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.