Mission Wealth Management LP Decreases Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mission Wealth Management LP decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,225 shares of the company’s stock after selling 2,287 shares during the quarter. Mission Wealth Management LP’s holdings in SPDR S&P Dividend ETF were worth $8,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDY. Avion Wealth boosted its holdings in SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $31,000. JNBA Financial Advisors acquired a new stake in SPDR S&P Dividend ETF in the 3rd quarter worth approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $32,000.

SPDR S&P Dividend ETF Trading Up 1.3 %

NYSEARCA:SDY opened at $138.29 on Monday. The firm has a fifty day simple moving average of $133.71 and a 200-day simple moving average of $137.77. SPDR S&P Dividend ETF has a 12 month low of $124.37 and a 12 month high of $144.45. The company has a market capitalization of $20.69 billion, a P/E 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.