SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,981 shares of the company’s stock after selling 684 shares during the period. Advisory Services Network LLC’s holdings in SPDR S&P Dividend ETF were worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Ritholtz Wealth Management lifted its stake in shares of SPDR S&P Dividend ETF by 9.7% during the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after buying an additional 505 shares during the period. Empowered Funds LLC purchased a new position in SPDR S&P Dividend ETF in the 4th quarter worth $67,000. Charles Schwab Investment Management Inc. acquired a new stake in SPDR S&P Dividend ETF during the 4th quarter worth about $724,000. Franklin Resources Inc. lifted its position in 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 acquiring an additional 1,222 shares during the period. Finally, Aire Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at about $454,000.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $126.23 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45. The firm has a market capitalization of $18.74 billion, a PE ratio of 20.96 and a beta of 0.80. The stock’s 50-day simple moving average is $133.91 and its 200-day simple moving average is $136.53.

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.