Loudon Investment Management LLC Cuts Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Loudon Investment Management LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,170 shares of the company’s stock after selling 840 shares during the period. Loudon Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $287,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SDY. Avion Wealth boosted its stake in SPDR S&P Dividend ETF by 164.5% during the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $31,000. Noble Wealth Management PBC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $32,000. Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $135.09 on Friday. The company has a market cap of $20.10 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The stock’s fifty day moving average price is $134.81 and its 200-day moving average price is $137.61.

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.