Sugar Maple Asset Management LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 27,522 shares of the company’s stock after selling 540 shares during the quarter. SPDR S&P Dividend ETF accounts for approximately 2.8% of Sugar Maple Asset Management LLC’s portfolio, making the stock its 12th largest position. Sugar Maple Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SDY. Pure Financial Advisors LLC grew its stake in SPDR S&P Dividend ETF by 46.1% during the fourth quarter. Pure Financial Advisors LLC now owns 3,666 shares of the company’s stock valued at $484,000 after acquiring an additional 1,157 shares in the last quarter. Cove Private Wealth LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $943,000. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of SPDR S&P Dividend ETF by 5.5% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,678 shares of the company’s stock valued at $1,014,000 after purchasing an additional 401 shares in the last quarter. Zhang Financial LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $2,214,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of SPDR S&P Dividend ETF by 23.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,451 shares of the company’s stock worth $192,000 after buying an additional 277 shares in the last quarter.
SPDR S&P Dividend ETF Stock Up 0.5 %
SPDR S&P Dividend ETF stock opened at $133.77 on Tuesday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a 50-day simple moving average of $136.76 and a 200 day simple moving average of $137.08. SPDR S&P Dividend ETF has a 52 week low of $121.52 and a 52 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.
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Want to see what other hedge funds are holding SDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report).
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