SPDR S&P Dividend ETF $SDY Stock Position Cut by NWF Advisory Services Inc.

NWF Advisory Services Inc. cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,430 shares of the company’s stock after selling 3,687 shares during the quarter. SPDR S&P Dividend ETF comprises about 2.8% of NWF Advisory Services Inc.’s holdings, making the stock its 6th biggest holding. NWF Advisory Services Inc. owned about 0.13% of SPDR S&P Dividend ETF worth $25,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after buying an additional 71 shares in the last quarter. Keel Point LLC boosted its position in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Keel Point LLC now owns 3,499 shares of the company’s stock valued at $490,000 after acquiring an additional 76 shares in the last quarter. Trust Co. of Vermont boosted its position in SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock valued at $1,507,000 after acquiring an additional 80 shares in the last quarter. Operose Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 8.1% during the 4th quarter. Operose Advisors LLC now owns 1,075 shares of the company’s stock worth $150,000 after acquiring an additional 81 shares during the period. Finally, Charles Schwab Trust Co grew its holdings in shares of SPDR S&P Dividend ETF by 0.3% during the 4th quarter. Charles Schwab Trust Co now owns 29,980 shares of the company’s stock worth $4,172,000 after acquiring an additional 82 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $150.50 on Friday. The firm has a market capitalization of $22.03 billion, a P/E ratio of 19.85 and a beta of 0.69. The stock has a 50 day moving average price of $148.96 and a 200-day moving average price of $147.43. SPDR S&P Dividend ETF has a 52-week low of $132.89 and a 52-week high of $156.39.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.