TL Private Wealth Sells 1,477 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

TL Private Wealth lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,602 shares of the company’s stock after selling 1,477 shares during the period. SPDR S&P Dividend ETF comprises 2.4% of TL Private Wealth’s portfolio, making the stock its 10th largest holding. TL Private Wealth’s holdings in SPDR S&P Dividend ETF were worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. International Assets Investment Management LLC grew its position in shares of 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 valued at $166,797,000 after purchasing an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. increased its position in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after buying an additional 122,858 shares in the last quarter. Argent Capital Management LLC acquired a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth $14,644,000. Sanctuary Advisors LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at $10,044,000. Finally, Synovus Financial Corp boosted its stake in shares of SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after acquiring an additional 42,078 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 0.5 %

Shares of SDY stock opened at $133.77 on Friday. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm has a 50-day moving average price of $136.76 and a 200 day moving average price of $136.93.

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.