Arete Wealth Advisors LLC Sells 1,001 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Arete Wealth Advisors LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,561 shares of the company’s stock after selling 1,001 shares during the period. Arete Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $789,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in SPDR S&P Dividend ETF by 4.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,180 shares of the company’s stock worth $1,446,000 after buying an additional 418 shares during the last quarter. M&T Bank Corp raised its stake in shares of SPDR S&P Dividend ETF by 2.0% during the third quarter. M&T Bank Corp now owns 55,010 shares of the company’s stock worth $7,814,000 after acquiring an additional 1,068 shares in the last quarter. Drucker Wealth 3.0 LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 19,041 shares of the company’s stock worth $2,705,000 after acquiring an additional 142 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of SPDR S&P Dividend ETF by 281.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 20,920 shares of the company’s stock valued at $2,797,000 after purchasing an additional 15,432 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of SPDR S&P Dividend ETF by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock valued at $30,846,000 after purchasing an additional 9,594 shares during the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

SPDR S&P Dividend ETF stock opened at $139.05 on Thursday. The firm has a fifty day simple moving average of $141.10 and a two-hundred day simple moving average of $136.15. SPDR S&P Dividend ETF has a twelve month low of $121.43 and a twelve month high of $144.45. The company has a market capitalization of $22.00 billion, a PE 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.