Agate Pass Investment Management LLC Sells 232 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Agate Pass Investment Management LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,945 shares of the company’s stock after selling 232 shares during the period. Agate Pass Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $27,000. Friedenthal Financial purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $29,000. Scarborough Advisors LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $30,000. Tennessee Valley Asset Management Partners acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $36,000. Finally, Bare Financial Services Inc purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth $43,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY traded down $0.05 during trading hours on Thursday, hitting $127.21. 83,577 shares of the company were exchanged, compared to its average volume of 334,101. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $132.49. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day moving average price is $129.08 and its 200-day moving average price is $126.83.

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.