Wescott Financial Advisory Group LLC Sells 5,698 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wescott Financial Advisory Group LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 77.3% 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 1,677 shares of the company’s stock after selling 5,698 shares during the period. Wescott Financial Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ritholtz Wealth Management raised its holdings in SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after acquiring an additional 505 shares during the period. Empowered Funds LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $67,000. Charles Schwab Investment Management Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $724,000. Franklin Resources Inc. lifted its position in shares of SPDR S&P Dividend ETF by 2.2% during 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 last quarter. Finally, Aire Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at approximately $454,000.

SPDR S&P Dividend ETF Stock Down 5.1 %

Shares of NYSEARCA SDY opened at $125.88 on Friday. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45. The company has a market cap of $18.69 billion, a P/E ratio of 20.96 and a beta of 0.80. The business’s 50 day moving average is $135.08 and its two-hundred day moving average is $137.20.

SPDR S&P Dividend ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.