Arkadios Wealth Advisors Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Arkadios Wealth Advisors lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,055 shares of the company’s stock after selling 474 shares during the period. Arkadios Wealth Advisors’ holdings in SPDR S&P Dividend ETF were worth $2,253,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 3.7% in the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after buying an additional 98 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after buying an additional 1,222 shares during the last quarter. CX Institutional increased its stake in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. CX Institutional now owns 66,854 shares of the company’s stock worth $9,496,000 after buying an additional 2,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR S&P Dividend ETF by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after buying an additional 2,705 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $3,488,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

Shares of NYSEARCA:SDY opened at $133.77 on Friday. The company has a fifty day simple moving average of $136.76 and a 200 day simple moving average of $136.93. The firm has a market cap of $21.16 billion, a PE ratio of 19.72 and a beta of 0.68. 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.