Tufton Capital Management Has $1.58 Million Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tufton Capital Management lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,948 shares of the company’s stock after selling 617 shares during the period. Tufton Capital Management’s holdings in SPDR S&P Dividend ETF were worth $1,578,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SDY. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at $211,000. Pinnacle Associates Ltd. raised its holdings in SPDR S&P Dividend ETF by 10.8% during the third quarter. Pinnacle Associates Ltd. now owns 10,127 shares of the company’s stock worth $1,438,000 after buying an additional 989 shares during the last quarter. O ROURKE & COMPANY Inc raised its holdings in SPDR S&P Dividend ETF by 4.5% during the third quarter. O ROURKE & COMPANY Inc now owns 3,627 shares of the company’s stock worth $515,000 after buying an additional 155 shares during the last quarter. Summit Wealth Partners LLC acquired a new position in SPDR S&P Dividend ETF during the third quarter worth $213,000. Finally, Pursue Wealth Partners LLC raised its holdings in SPDR S&P Dividend ETF by 11.9% during the third quarter. Pursue Wealth Partners LLC now owns 10,146 shares of the company’s stock worth $1,441,000 after buying an additional 1,082 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.2 %

SDY opened at $136.47 on Friday. The company’s fifty day moving average price is $133.60 and its two-hundred day moving average price is $137.67. SPDR S&P Dividend ETF has a 1-year low of $124.37 and a 1-year high of $144.45. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88.

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.