GM Advisory Group LLC Sells 567 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

GM Advisory Group LLC trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,477 shares of the company’s stock after selling 567 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Capital Performance Advisors LLP purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at $31,000. JNBA Financial Advisors bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at about $32,000. Russell Investments Group Ltd. boosted its position in 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 buying an additional 127 shares during the period. Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $34,000. Finally, Assetmark Inc. increased its position in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $142.28 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06. The company has a market capitalization of $22.51 billion, a PE ratio of 19.72 and a beta of 0.68. The company has a 50 day moving average price of $140.83 and a 200-day moving average price of $135.15.

SPDR S&P Dividend ETF Company 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.