Covenant Asset Management LLC Sells 4,512 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Covenant Asset Management LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 68.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,123 shares of the company’s stock after selling 4,512 shares during the quarter. Covenant Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SDY. Coston McIsaac & Partners boosted its holdings in SPDR S&P Dividend ETF by 0.5% in the third quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after acquiring an additional 72 shares in the last quarter. Marshall Financial Group LLC boosted its holdings in SPDR S&P Dividend ETF by 3.7% in the third quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock worth $290,000 after acquiring an additional 73 shares in the last quarter. Roger Wittlin Investment Advisory LLC boosted its holdings in SPDR S&P Dividend ETF by 0.6% in the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after acquiring an additional 73 shares in the last quarter. M3 Advisory Group LLC boosted its holdings in SPDR S&P Dividend ETF by 2.1% in the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after acquiring an additional 76 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its holdings in SPDR S&P Dividend ETF by 1.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock worth $914,000 after acquiring an additional 76 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 0.5 %

SPDR S&P Dividend ETF stock opened at $134.26 on Friday. The business’s fifty day simple moving average is $133.89 and its two-hundred day simple moving average is $137.49. SPDR S&P Dividend ETF has a 12 month low of $123.32 and a 12 month high of $144.45. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.