Morling Financial Advisors LLC Sells 121 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Morling Financial Advisors LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 25.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 353 shares of the company’s stock after selling 121 shares during the period. Morling Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $44,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Friedenthal Financial bought a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $36,000. Cardiff Park Advisors LLC grew its position in shares of SPDR S&P Dividend ETF by 43.9% during 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 during the period. Assetmark Inc. grew its position in shares of 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 acquiring an additional 300 shares during the period. Finally, West Oak Capital LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at approximately $53,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock traded up $0.39 on Wednesday, reaching $128.45. 228,439 shares of the company traded hands, compared to its average volume of 383,861. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The company has a 50 day moving average of $127.31 and a 200 day moving average of $122.55. The firm has a market capitalization of $20.43 billion, a PE ratio of 19.41 and a beta of 0.73.

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.