Northwestern Mutual Wealth Management Co. lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 84,706 shares of the company’s stock after selling 10,737 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Dividend ETF were worth $11,788,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC boosted its holdings in SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC boosted its holdings in SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new position in SPDR S&P Dividend ETF during the third quarter worth $29,000. Delos Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the third quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $34,000. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Trading Up 0.4%
Shares of SDY opened at $148.78 on Friday. SPDR S&P Dividend ETF has a 12 month low of $131.96 and a 12 month high of $156.39. The firm has a fifty day simple moving average of $147.34 and a 200 day simple moving average of $145.66. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
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