Riverstone Advisors LLC Has $210,000 Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Riverstone Advisors LLC decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680 shares of the company’s stock after selling 125 shares during the quarter. Riverstone Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SDY. Barclays PLC bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter worth $27,000. Friedenthal Financial bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $29,000. Live Oak Investment Partners acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $36,000.

SPDR S&P Dividend ETF Stock Performance

SDY stock traded down $0.57 during mid-day trading on Tuesday, hitting $124.79. 176,514 shares of the company were exchanged, compared to its average volume of 396,109. The firm has a market cap of $19.85 billion, a P/E ratio of 19.41 and a beta of 0.73. The firm’s 50 day simple moving average is $126.95 and its 200 day simple moving average is $122.01. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $131.67.

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.