Garden State Investment Advisory Services LLC Trims Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Garden State Investment Advisory Services LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,393 shares of the company’s stock after selling 545 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $766,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the period. Jane Street Group LLC increased its stake in SPDR S&P Dividend ETF by 85.5% in the 1st quarter. Jane Street Group LLC now owns 50,005 shares of the company’s stock worth $6,563,000 after acquiring an additional 23,041 shares during the last quarter. Atria Investments Inc increased its stake in SPDR S&P Dividend ETF by 3.8% in the 1st quarter. Atria Investments Inc now owns 17,545 shares of the company’s stock worth $2,303,000 after acquiring an additional 642 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of SPDR S&P Dividend ETF by 28.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,885 shares of the company’s stock worth $240,000 after acquiring an additional 417 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $144.00 on Monday. The stock has a market capitalization of $22.78 billion, a PE ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average is $141.12 and its 200 day moving average is $135.66. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.45.

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.