Acropolis Investment Management LLC Has $439,000 Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Acropolis Investment Management LLC decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,322 shares of the company’s stock after selling 425 shares during the period. Acropolis Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 2.9% in the fourth quarter. Park Avenue Securities LLC now owns 8,009 shares of the company’s stock worth $1,058,000 after buying an additional 227 shares during the period. Fifth Third Wealth Advisors LLC lifted its position 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 acquiring an additional 775 shares in the last quarter. Pines Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth approximately $2,013,000. Ignite Planners LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth approximately $322,000. Finally, Ehrlich Financial Group raised its stake in SPDR S&P Dividend ETF by 9.0% during the 4th quarter. Ehrlich Financial Group now owns 4,955 shares of the company’s stock valued at $655,000 after purchasing an additional 408 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.9 %

SDY opened at $131.09 on Wednesday. The firm has a market capitalization of $20.74 billion, a P/E ratio of 19.72 and a beta of 0.68. The stock has a fifty day moving average of $137.25 and a 200-day moving average of $136.94. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45.

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.