Smart Money Group LLC Sells 776 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Smart Money Group LLC cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,675 shares of the company’s stock after selling 776 shares during the period. Smart Money Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SDY. Friedenthal Financial acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $36,000. Cardiff Park Advisors LLC lifted its position in SPDR S&P Dividend ETF by 43.9% in the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after acquiring an additional 100 shares in the last quarter. Assetmark Inc. boosted its stake in SPDR S&P Dividend ETF by 428.6% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. Finally, West Oak Capital LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $53,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock traded up $0.70 on Thursday, hitting $128.09. The company had a trading volume of 237,184 shares, compared to its average volume of 372,598. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67. The stock has a 50 day moving average of $127.75 and a 200-day moving average of $123.06.

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.