Private Wealth Group LLC Sells 18,442 Shares of SPDR S&P Dividend ETF $SDY

Private Wealth Group LLC lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,919 shares of the company’s stock after selling 18,442 shares during the period. SPDR S&P Dividend ETF makes up approximately 1.9% of Private Wealth Group LLC’s portfolio, making the stock its 12th biggest holding. Private Wealth Group LLC’s holdings in SPDR S&P Dividend ETF were worth $5,010,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. World Investment Advisors lifted its holdings in SPDR S&P Dividend ETF by 9.2% during the fourth quarter. World Investment Advisors now owns 80,205 shares of the company’s stock worth $11,161,000 after acquiring an additional 6,744 shares during the period. Dara Capital US Inc. bought a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $509,000. Thrivent Financial for Lutherans increased its position in shares of SPDR S&P Dividend ETF by 121.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock valued at $2,458,000 after purchasing an additional 9,657 shares during the last quarter. M&T Bank Corp increased its position in shares of SPDR S&P Dividend ETF by 8.0% during the 4th quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock valued at $13,634,000 after purchasing an additional 7,228 shares during the last quarter. Finally, Ticino Wealth purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $602,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $157.83 on Friday. The business’s fifty day moving average is $153.25 and its 200-day moving average is $150.68. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29.

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