Sard Wealth Management Group LLC Has $12.78 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sard Wealth Management Group LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 89,989 shares of the company’s stock after selling 480 shares during the period. SPDR S&P Dividend ETF makes up 8.4% of Sard Wealth Management Group LLC’s holdings, making the stock its 5th largest position. Sard Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $12,782,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SDY. Riggs Asset Managment Co. Inc. grew its holdings in SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $33,000. Russell Investments Group Ltd. raised its holdings in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 127 shares during the period. Opal Wealth Advisors LLC acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter worth $38,000.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY traded down $0.13 during midday trading on Friday, hitting $143.04. The company’s stock had a trading volume of 34,896 shares, compared to its average volume of 288,738. The stock’s 50 day simple moving average is $139.30 and its 200 day simple moving average is $132.88. The stock has a market capitalization of $22.63 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $144.06.

SPDR S&P Dividend ETF Company 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.