Ellenbecker Investment Group Lowers Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ellenbecker Investment Group lowered its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,959 shares of the company’s stock after selling 704 shares during the quarter. Ellenbecker Investment Group’s holdings in SPDR S&P Dividend ETF were worth $1,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SDY. Brighton Jones LLC boosted its position in SPDR S&P Dividend ETF by 404.5% during the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after purchasing an additional 14,829 shares in the last quarter. Empowered Funds LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $67,000. WCM Investment Management LLC purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $813,000. Kestra Private Wealth Services LLC boosted its position in SPDR S&P Dividend ETF by 2.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 25,102 shares of the company’s stock worth $3,316,000 after purchasing an additional 680 shares in the last quarter. Finally, Equitable Trust Co. purchased a new position in SPDR S&P Dividend ETF during the fourth quarter worth approximately $519,000.

SPDR S&P Dividend ETF Trading Up 0.8%

Shares of SDY stock opened at $136.62 on Wednesday. The business’s 50 day moving average is $131.52 and its two-hundred day moving average is $134.07. The company has a market capitalization of $20.12 billion, a P/E ratio of 20.59 and a beta of 0.80. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45.

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.