SPDR S&P Dividend ETF $SDY Holdings Cut by ProVise Management Group LLC

ProVise Management Group LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 25,607 shares of the company’s stock after selling 3,855 shares during the period. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $3,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC increased its stake in shares of SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC boosted its position in SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF during the third quarter valued at $29,000. Global Wealth Strategies & Associates grew its stake in SPDR S&P Dividend ETF by 985.0% in the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new position in SPDR S&P Dividend ETF in the second quarter valued at about $43,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $151.45 on Monday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $156.39. The stock’s 50-day moving average is $149.06 and its two-hundred day moving average is $142.86. The firm has a market cap of $21.48 billion, a P/E ratio of 19.85 and a beta of 0.79.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.