Graypoint LLC Sells 1,033 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Graypoint LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,846 shares of the company’s stock after selling 1,033 shares during the quarter. Graypoint LLC’s holdings in SPDR S&P Dividend ETF were worth $3,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after purchasing an additional 98 shares during the last quarter. Franklin Resources Inc. grew its position in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. Retirement Investment Advisors Inc. purchased a new position in SPDR S&P Dividend ETF in the second quarter worth about $2,198,000. CX Institutional increased its holdings in SPDR S&P Dividend ETF by 4.0% during the third quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after buying an additional 2,580 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in SPDR S&P Dividend ETF by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after acquiring an additional 2,705 shares during the period.

SPDR S&P Dividend ETF Stock Down 1.6 %

NYSEARCA:SDY traded down $2.10 during mid-day trading on Friday, hitting $128.74. 1,443,090 shares of the company traded hands, compared to its average volume of 510,665. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock’s fifty day moving average price is $137.77 and its 200-day moving average price is $136.77.

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.