Western Wealth Management LLC Sells 256 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Western Wealth Management LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,430 shares of the company’s stock after selling 256 shares during the period. Western Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $26,000. Colonial Trust Advisors purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $29,000. Noble Wealth Management PBC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter worth $32,000. Rialto Wealth Management LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $40,000.

SPDR S&P Dividend ETF Trading Down 0.8%

SDY opened at $133.97 on Thursday. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 19.85 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. The stock has a fifty day moving average price of $133.35 and a 200-day moving average price of $133.53.

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.