Hillcrest Wealth Advisors NY LLC Sells 5,000 Shares of SPDR S&P Dividend ETF $SDY

Hillcrest Wealth Advisors NY LLC trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 25.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,650 shares of the company’s stock after selling 5,000 shares during the quarter. SPDR S&P Dividend ETF makes up about 0.9% of Hillcrest Wealth Advisors NY LLC’s portfolio, making the stock its 22nd largest holding. Hillcrest Wealth Advisors NY LLC’s holdings in SPDR S&P Dividend ETF were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. boosted its position in SPDR S&P Dividend ETF by 4.0% in the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after buying an additional 70 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of SPDR S&P Dividend ETF by 1.3% during the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after buying an additional 71 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after buying an additional 71 shares in the last quarter. Keel Point LLC increased its holdings in shares of SPDR S&P Dividend ETF by 2.2% during the third quarter. Keel Point LLC now owns 3,499 shares of the company’s stock worth $490,000 after buying an additional 76 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in shares of SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after buying an additional 80 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $155.67 on Friday. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $156.39. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business’s fifty day moving average is $149.89 and its 200 day moving average is $148.30.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.