Westside Investment Management Inc. Sells 574 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Westside Investment Management Inc. lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,533 shares of the company’s stock after selling 574 shares during the period. SPDR S&P Dividend ETF comprises about 0.9% of Westside Investment Management Inc.’s portfolio, making the stock its 28th largest holding. Westside Investment Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,298,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF during the third quarter worth about $31,000. JNBA Financial Advisors bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $32,000. Assetmark Inc. lifted its position in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in shares of SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $38,000.

SPDR S&P Dividend ETF Trading Up 0.3 %

SDY opened at $134.11 on Wednesday. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The stock’s fifty day simple moving average is $136.48 and its 200 day simple moving average is $137.19. The stock has a market cap of $21.22 billion, a PE ratio of 19.72 and a beta of 0.68.

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.