GEM Asset Management LLC Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

GEM Asset Management LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 37.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,601 shares of the company’s stock after selling 972 shares during the quarter. GEM Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Good Life Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 1.4% during the 4th quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock valued at $748,000 after buying an additional 79 shares in the last quarter. Creekmur Asset Management LLC grew its holdings in SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Creekmur Asset Management LLC now owns 11,357 shares of the company’s stock valued at $1,500,000 after buying an additional 80 shares in the last quarter. Rebalance LLC grew its holdings in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock valued at $1,447,000 after buying an additional 85 shares in the last quarter. Long Run Wealth Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the first quarter. Long Run Wealth Advisors LLC now owns 14,452 shares of the company’s stock worth $1,961,000 after purchasing an additional 88 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the fourth quarter. Belpointe Asset Management LLC now owns 15,309 shares of the company’s stock worth $2,142,000 after purchasing an additional 96 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 1.2%

Shares of NYSEARCA SDY opened at $134.80 on Monday. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $144.45. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. The business has a 50-day moving average of $132.25 and a 200-day moving average of $133.84.

About SPDR S&P Dividend ETF

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.