Wealth Enhancement Advisory Services LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wealth Enhancement Advisory Services LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,225 shares of the company’s stock after selling 497 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.23% of SPDR S&P Dividend ETF worth $51,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC boosted its holdings in SPDR S&P Dividend ETF by 3.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after acquiring an additional 98 shares during the period. Franklin Resources Inc. lifted its holdings in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after buying an additional 1,222 shares during the period. Retirement Investment Advisors Inc. purchased a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $2,198,000. CX Institutional lifted its holdings in SPDR S&P Dividend ETF by 4.0% in the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after buying an additional 2,580 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR S&P Dividend ETF by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after buying an additional 2,705 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $128.74 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The stock has a 50 day simple moving average of $137.58 and a two-hundred day simple moving average of $136.76. The stock has a market cap of $20.37 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.