Stonebridge Financial Planning Group LLC Sells 1,186 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Stonebridge Financial Planning Group LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,302 shares of the company’s stock after selling 1,186 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in SPDR S&P Dividend ETF were worth $1,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Certuity LLC grew its position in SPDR S&P Dividend ETF by 50.6% in the 4th quarter. Certuity LLC now owns 4,690 shares of the company’s stock worth $586,000 after purchasing an additional 1,576 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,518 shares of the company’s stock valued at $2,814,000 after buying an additional 153 shares during the period. Choreo LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 4.8% during the 4th quarter. Choreo LLC now owns 18,677 shares of the company’s stock valued at $2,334,000 after buying an additional 858 shares during the period. Flaharty Asset Management LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 1.6% during the 4th quarter. Flaharty Asset Management LLC now owns 175,135 shares of the company’s stock valued at $21,887,000 after buying an additional 2,742 shares during the period. Finally, Vantage Financial Partners LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $453,000.

SPDR S&P Dividend ETF Stock Down 0.9 %

SDY traded down $1.12 during trading on Tuesday, hitting $127.24. The company’s stock had a trading volume of 290,168 shares, compared to its average volume of 376,050. The business’s 50 day simple moving average is $127.64 and its 200-day simple moving average is $122.94. The firm has a market cap of $20.24 billion, a PE ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $131.67.

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.