SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Position Trimmed by Aries Wealth Management

Aries Wealth Management trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,463 shares of the company’s stock after selling 1,594 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 1.9% of Aries Wealth Management’s investment portfolio, making the stock its 9th largest position. Aries Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $6,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SDY. Avion Wealth grew its stake in shares of SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors bought a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at $32,000. Assetmark Inc. increased its stake in SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after purchasing an additional 167 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 1.0 %

Shares of SDY opened at $134.88 on Friday. The firm has a fifty day moving average price of $134.01 and a 200-day moving average price of $137.51. The firm has a market capitalization of $21.34 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $122.20 and a 12-month high of $144.45.

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.