HB Wealth Management LLC Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

HB Wealth Management LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 87,786 shares of the company’s stock after selling 2,728 shares during the period. HB Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $11,596,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SDY. Capital Performance Advisors LLP bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors bought a new position in SPDR S&P Dividend ETF during the 3rd quarter worth approximately $32,000. Assetmark Inc. boosted its position in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in shares of SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $41,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

NYSEARCA SDY traded up $0.62 during trading on Friday, hitting $133.77. The company had a trading volume of 245,814 shares, compared to its average volume of 403,783. The company’s fifty day moving average is $136.92 and its 200-day moving average is $136.88. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45.

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.