Graves Light Lenhart Wealth Inc. Lowers Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Graves Light Lenhart Wealth Inc. trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,403 shares of the company’s stock after selling 1,506 shares during the quarter. SPDR S&P Dividend ETF makes up about 3.2% of Graves Light Lenhart Wealth Inc.’s investment portfolio, making the stock its 7th biggest position. Graves Light Lenhart Wealth Inc. owned 0.12% of SPDR S&P Dividend ETF worth $25,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. boosted its position in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the second quarter worth approximately $10,044,000. Synovus Financial Corp grew its holdings in SPDR S&P Dividend ETF by 88.6% in the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after purchasing an additional 42,078 shares during the period. Finally, Nwam LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $5,274,000.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $129.91 on Tuesday. The business has a 50-day simple moving average of $137.42 and a two-hundred day simple moving average of $136.91. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The company has a market capitalization of $20.55 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.