Lodestar Private Asset Management LLC Sells 399 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Lodestar Private Asset Management LLC reduced its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,639 shares of the company’s stock after selling 399 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,670,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SDY. Strategic Financial Concepts LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $11,505,000. Financial Advocates Investment Management boosted its position in SPDR S&P Dividend ETF by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 74,837 shares of the company’s stock valued at $9,693,000 after acquiring an additional 7,316 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $359,000. Long Run Wealth Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 0.6% in the 4th quarter. Long Run Wealth Advisors LLC now owns 14,364 shares of the company’s stock worth $1,897,000 after acquiring an additional 86 shares in the last quarter. Finally, Trilogy Capital Inc. raised its position in shares of SPDR S&P Dividend ETF by 0.6% in the 4th quarter. Trilogy Capital Inc. now owns 44,008 shares of the company’s stock worth $5,813,000 after acquiring an additional 258 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.5 %

NYSEARCA SDY opened at $133.60 on Friday. The firm has a market capitalization of $21.14 billion, a PE ratio of 19.72 and a beta of 0.68. The stock’s 50 day moving average is $134.94 and its 200 day moving average is $137.47. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45.

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.