SPDR S&P Dividend ETF (NYSEARCA:SDY) Stake Cut by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,555 shares of the company’s stock after selling 4,386 shares during the quarter. SPDR S&P Dividend ETF comprises 3.1% of Johnson & White Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Johnson & White Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,192,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after purchasing an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SPDR S&P Dividend ETF by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth about $10,044,000. Synovus Financial Corp grew its holdings in shares of SPDR S&P Dividend ETF by 88.6% during the 3rd quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after purchasing an additional 42,078 shares in the last quarter. Finally, Nwam LLC bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter worth $5,274,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $129.91 on Tuesday. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The stock has a 50 day moving average price of $137.42 and a two-hundred day moving average price of $136.91. The firm has a market capitalization of $20.55 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.