MPS Loria Financial Planners LLC Sells 155 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

MPS Loria Financial Planners LLC decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,165 shares of the company’s stock after selling 155 shares during the period. SPDR S&P Dividend ETF makes up approximately 0.4% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 23rd biggest position. MPS Loria Financial Planners LLC’s holdings in SPDR S&P Dividend ETF were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SDY. Argent Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $14,644,000. RMR Wealth Builders increased its position in SPDR S&P Dividend ETF by 162.0% during the 4th quarter. RMR Wealth Builders now owns 6,862 shares of the company’s stock valued at $907,000 after purchasing an additional 4,243 shares during the period. Founders Grove Wealth Partners LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $4,628,000. Park Avenue Securities LLC raised its position in shares of SPDR S&P Dividend ETF by 2.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,009 shares of the company’s stock worth $1,058,000 after acquiring an additional 227 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 1.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 56,402 shares of the company’s stock valued at $7,451,000 after buying an additional 775 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $131.84 on Thursday. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock’s fifty day moving average price is $137.25 and its 200 day moving average price is $136.94.

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.