Tufton Capital Management Sells 302 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tufton Capital Management cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,558 shares of the company’s stock after selling 302 shares during the period. Tufton Capital Management’s holdings in SPDR S&P Dividend ETF were worth $1,444,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC bought a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $27,000. Friedenthal Financial bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $29,000. Live Oak Investment Partners acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $36,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY traded up $0.69 during mid-day trading on Thursday, hitting $125.69. 85,702 shares of the stock were exchanged, compared to its average volume of 390,823. The stock has a market capitalization of $19.99 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. The firm’s 50-day simple moving average is $127.01 and its 200 day simple moving average is $122.09. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week 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.