Wetzel Investment Advisors Inc. Trims Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wetzel Investment Advisors Inc. lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,408 shares of the company’s stock after selling 280 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SDY. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF in the third quarter valued at $32,000. Assetmark Inc. boosted its holdings in SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in SPDR S&P Dividend ETF by 113.8% during the 3rd 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 period. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $38,000.

SPDR S&P Dividend ETF Stock Up 1.8 %

Shares of SDY opened at $136.34 on Tuesday. The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 week high of $144.45. The stock’s 50-day moving average price is $136.10 and its 200-day moving average price is $137.34.

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.