SVB Wealth LLC Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

SVB Wealth LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,233 shares of the company’s stock after selling 9,158 shares during the period. SVB Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $3,180,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SDY. Frazier Financial Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Friedenthal Financial purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $29,000. Riggs Asset Managment Co. Inc. raised its holdings in SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares during the period. Scarborough Advisors LLC purchased a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in SPDR S&P Dividend ETF in the first quarter valued at approximately $33,000.

SPDR S&P Dividend ETF Trading Up 0.0 %

NYSEARCA:SDY traded up $0.01 during trading hours on Monday, hitting $133.94. The stock had a trading volume of 243,039 shares, compared to its average volume of 322,740. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $134.47. The business has a 50 day simple moving average of $129.26 and a two-hundred day simple moving average of $127.67. The company has a market cap of $21.19 billion, a PE ratio of 19.72 and a beta of 0.68.

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.