SPDR S&P Dividend ETF $SDY Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,462 shares of the company’s stock after selling 3,978 shares during the quarter. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $3,999,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Insight Inv LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at about $40,000. Private Wealth Asset Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 1,245.5% in the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Briaud Financial Planning Inc purchased a new position in SPDR S&P Dividend ETF during the 1st quarter worth approximately $45,000. Finally, Wealth Preservation Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the 1st quarter worth approximately $50,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Down 0.3%

Shares of NYSEARCA SDY opened at $138.22 on Friday. The stock has a market cap of $19.88 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a 50 day moving average of $138.98 and a two-hundred day moving average of $137.65.

About SPDR S&P Dividend ETF

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.