Salomon & Ludwin LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Salomon & Ludwin LLC cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,709 shares of the company’s stock after selling 5,149 shares during the period. Salomon & Ludwin LLC’s holdings in SPDR S&P Dividend ETF were worth $4,981,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management increased its position in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after purchasing an additional 505 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after buying an additional 98 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after buying an additional 1,222 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $3,488,000. Finally, Citigroup Inc. grew its position in SPDR S&P Dividend ETF by 16.0% in the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after acquiring an additional 3,551 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $134.26 on Friday. The stock has a market capitalization of $21.24 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $123.32 and a 1-year high of $144.45. The business’s 50 day moving average is $133.89 and its two-hundred day moving average is $137.49.

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.