Avantax Planning Partners Inc. Sells 107 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Avantax Planning Partners Inc. lessened its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,530 shares of the company’s stock after selling 107 shares during the period. Avantax Planning Partners Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Avion Wealth boosted its stake in SPDR S&P Dividend ETF by 164.5% in the 4th quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $31,000. Kestra Investment Management LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $31,000. Noble Wealth Management PBC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $32,000. Finally, Rialto Wealth Management LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $34,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $135.35 on Wednesday. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 21.48 and a beta of 0.88. The firm’s 50-day moving average is $134.30 and its 200 day moving average is $137.79. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45.

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.