Tyche Wealth Partners LLC Sells 579 Shares of SPDR S&P Dividend ETF $SDY

Tyche Wealth Partners LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,527 shares of the company’s stock after selling 579 shares during the quarter. Tyche Wealth Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $1,429,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its holdings in SPDR S&P Dividend ETF by 1.7% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock worth $347,104,000 after acquiring an additional 41,613 shares during the last quarter. Royal Bank of Canada grew its holdings in SPDR S&P Dividend ETF by 0.9% during the 1st quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock worth $321,773,000 after acquiring an additional 20,594 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in SPDR S&P Dividend ETF by 0.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after purchasing an additional 8,613 shares during the period. Cetera Investment Advisers lifted its position in SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after purchasing an additional 3,830 shares during the period. Finally, Elk River Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 0.6% during the 2nd quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after purchasing an additional 2,487 shares during the period. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.2%

SPDR S&P Dividend ETF stock opened at $140.40 on Tuesday. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The company has a market cap of $20.30 billion, a PE ratio of 19.85 and a beta of 0.86. The company’s 50-day moving average is $139.86 and its two-hundred day moving average is $135.98.

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.