Private Wealth Group LLC Sells 18,442 Shares of SPDR S&P Dividend ETF $SDY

Private Wealth Group LLC decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,919 shares of the company’s stock after selling 18,442 shares during the period. SPDR S&P Dividend ETF comprises about 1.9% of Private Wealth Group LLC’s portfolio, making the stock its 12th biggest holding. Private Wealth Group LLC’s holdings in SPDR S&P Dividend ETF were worth $5,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park National Corp OH purchased a new stake in SPDR S&P Dividend ETF in the first quarter worth $28,000. Ankerstar Wealth LLC bought a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $33,000. MBM Wealth Consultants LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at $34,000. Syntax Research Inc. purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $35,000. Finally, Core Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $35,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $157.83 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The business has a 50-day moving average of $153.25 and a 200 day moving average of $150.68. The firm has a market cap of $23.90 billion, a P/E ratio of 19.85 and a beta of 0.69.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.