SVB Wealth LLC Reduces Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

SVB Wealth LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,391 shares of the company’s stock after selling 726 shares during the period. SVB Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $4,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SDY. Capital Analysts LLC raised its stake in shares of SPDR S&P Dividend ETF by 13.4% in the fourth quarter. Capital Analysts LLC now owns 8,742 shares of the company’s stock worth $1,092,000 after buying an additional 1,033 shares during the period. Warner Financial Inc. raised its stake in shares of SPDR S&P Dividend ETF by 1.7% in the fourth quarter. Warner Financial Inc. now owns 9,014 shares of the company’s stock worth $1,127,000 after buying an additional 153 shares during the period. Ballast Advisors LLC raised its stake in SPDR S&P Dividend ETF by 37.2% during the 4th quarter. Ballast Advisors LLC now owns 1,626 shares of the company’s stock valued at $203,000 after purchasing an additional 441 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in SPDR S&P Dividend ETF by 5.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,221 shares of the company’s stock valued at $403,000 after purchasing an additional 177 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. raised its stake in SPDR S&P Dividend ETF by 6.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,495 shares of the company’s stock valued at $6,685,000 after purchasing an additional 3,196 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.6 %

Shares of SDY opened at $124.60 on Wednesday. The business’s 50 day moving average is $126.98 and its 200 day moving average is $122.07. The company has a market capitalization of $19.82 billion, a PE ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $131.67.

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.