Kwmg LLC Decreases Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Kwmg LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,724 shares of the company’s stock after selling 145 shares during the period. Kwmg LLC’s holdings in SPDR S&P Dividend ETF were worth $751,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. increased its stake in shares of SPDR S&P Dividend ETF by 85.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock worth $6,906,000 after purchasing an additional 25,430 shares in the last quarter. Key Financial Inc boosted its holdings in SPDR S&P Dividend ETF by 4.5% in the 4th quarter. Key Financial Inc now owns 4,209 shares of the company’s stock worth $526,000 after buying an additional 180 shares during the period. UBS Group AG boosted its holdings in SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after buying an additional 67,304 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in SPDR S&P Dividend ETF by 9.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,512 shares of the company’s stock worth $2,313,000 after buying an additional 1,669 shares during the period. Finally, Interchange Capital Partners LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 5.6% during the 4th quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock valued at $703,000 after purchasing an additional 298 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY traded down $1.58 during midday trading on Tuesday, hitting $127.78. 317,500 shares of the company traded hands, compared to its average volume of 336,731. The firm has a 50 day moving average of $129.02 and a 200-day moving average of $126.79. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $132.49. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.