ProVise Management Group LLC Has $3.04 Million Position in SPDR S&P Dividend ETF $SDY

ProVise Management Group LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 14.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,825 shares of the company’s stock after selling 3,782 shares during the period. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $3,037,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the period. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 0.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock valued at $373,522,000 after purchasing an additional 22,123 shares during the period. UBS Group AG increased its stake in shares of SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after acquiring an additional 165,053 shares during the last quarter. MAI Capital Management increased its stake in shares of SPDR S&P Dividend ETF by 0.7% in the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock worth $108,172,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.1% in the third quarter. Pathstone Holdings LLC now owns 768,592 shares of the company’s stock worth $107,641,000 after acquiring an additional 8,380 shares during the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 0.8%

NYSEARCA SDY opened at $148.17 on Friday. SPDR S&P Dividend ETF has a 1-year low of $128.87 and a 1-year high of $156.39. The company has a market capitalization of $20.94 billion, a PE ratio of 19.85 and a beta of 0.74. The firm’s fifty day simple moving average is $149.39 and its 200-day simple moving average is $144.51.

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.