Shulman DeMeo Asset Management LLC Sells 883 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Shulman DeMeo Asset Management LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,987 shares of the company’s stock after selling 883 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 1.6% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 7th largest holding. Shulman DeMeo Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $6,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $27,000. Friedenthal Financial acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $29,000. Scarborough Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $30,000. Tennessee Valley Asset Management Partners purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $36,000. Finally, Bare Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $43,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY traded up $0.08 during mid-day trading on Thursday, hitting $127.34. 291,898 shares of the company traded hands, compared to its average volume of 335,795. The firm’s 50 day simple moving average is $129.13 and its 200 day simple moving average is $126.84. The firm has a market cap of $20.15 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49.

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.