Spire Wealth Management Decreases Stock Position in SPDR S&P Dividend ETF $SDY

Spire Wealth Management reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,574 shares of the company’s stock after selling 364 shares during the period. Spire Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $1,978,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Insight Inv LLC purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at $40,000. Private Wealth Asset Management LLC raised its stake in SPDR S&P Dividend ETF by 1,245.5% during the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $50,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Up 0.2%

Shares of SDY opened at $137.34 on Friday. The firm has a market cap of $19.77 billion, a PE ratio of 19.85 and a beta of 0.79. The firm has a fifty day simple moving average of $139.84 and a two-hundred day simple moving average of $137.04. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45.

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.