Robertson Stephens Wealth Management LLC Sells 410 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Robertson Stephens Wealth Management LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% in the 4th quarter, HoldingsChannel reports. The firm owned 20,805 shares of the company’s stock after selling 410 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC purchased a new position in SPDR S&P Dividend ETF in the 3rd quarter worth $219,000. Dakota Wealth Management purchased a new position in shares of SPDR S&P Dividend ETF in the third quarter worth about $1,178,000. FinTrust Capital Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 342.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 469 shares of the company’s stock valued at $54,000 after acquiring an additional 363 shares during the last quarter. Capital Advisors Inc. OK boosted its holdings in SPDR S&P Dividend ETF by 1.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 9,316 shares of the company’s stock valued at $1,071,000 after acquiring an additional 128 shares during the period. Finally, Stratos Wealth Advisors LLC grew its position in SPDR S&P Dividend ETF by 1.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,115 shares of the company’s stock worth $818,000 after acquiring an additional 133 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 0.3 %

SDY stock traded up $0.38 during midday trading on Thursday, hitting $127.77. The company had a trading volume of 81,819 shares, compared to its average volume of 370,716. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The stock’s 50 day moving average price is $127.75 and its 200 day moving average price is $123.06.

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.