SPDR S&P Dividend ETF (NYSEARCA:SDY) Stake Lessened by Pineridge Advisors LLC

Pineridge Advisors LLC decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306 shares of the company’s stock after selling 200 shares during the period. Pineridge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock worth $332,449,000 after buying an additional 54,648 shares in the last quarter. International Assets Investment Management LLC raised its position in SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after acquiring an additional 122,858 shares during the last quarter. Destination Wealth Management boosted its position in shares of SPDR S&P Dividend ETF by 0.3% during the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Elk River Wealth Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after purchasing an additional 8,194 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $133.51 on Tuesday. The firm has a market cap of $21.12 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45. The firm has a 50 day simple moving average of $134.52 and a 200 day simple moving average of $137.53.

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.