Alpha Cubed Investments LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Alpha Cubed Investments LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,405 shares of the company’s stock after selling 3,224 shares during the period. Alpha Cubed Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $6,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC lifted its position in SPDR S&P Dividend ETF by 7.4% during the 3rd quarter. Ballentine Partners LLC now owns 2,177 shares of the company’s stock valued at $250,000 after acquiring an additional 150 shares during the period. Valeo Financial Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 3.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,012 shares of the company’s stock valued at $576,000 after purchasing an additional 170 shares during the last quarter. Chevy Chase Trust Holdings LLC bought a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at $219,000. SVB Wealth LLC grew its stake in shares of SPDR S&P Dividend ETF by 7.0% in the third quarter. SVB Wealth LLC now owns 34,117 shares of the company’s stock worth $3,924,000 after acquiring an additional 2,242 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its position in SPDR S&P Dividend ETF by 298.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 15,916 shares of the company’s stock worth $1,831,000 after purchasing an additional 11,917 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.9 %

SPDR S&P Dividend ETF stock traded down $1.12 during trading on Tuesday, reaching $127.24. The company had a trading volume of 290,168 shares, compared to its average volume of 376,050. The firm’s 50-day simple moving average is $127.64 and its 200 day simple moving average is $122.94. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67.

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.