Sugar Maple Asset Management LLC Sells 540 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sugar Maple Asset Management LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,522 shares of the company’s stock after selling 540 shares during the quarter. SPDR S&P Dividend ETF makes up about 2.8% of Sugar Maple Asset Management LLC’s holdings, making the stock its 12th largest position. Sugar Maple Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $3,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in SPDR S&P Dividend ETF by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after purchasing an additional 122,858 shares during the period. Argent Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $14,644,000. Sanctuary Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth $10,044,000. Finally, Synovus Financial Corp raised its stake in shares of SPDR S&P Dividend ETF by 88.6% in the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock valued at $12,723,000 after buying an additional 42,078 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $133.77 on Tuesday. The stock has a fifty day moving average of $136.76 and a 200-day moving average of $137.08. SPDR S&P Dividend ETF has a fifty-two week low of $121.52 and a fifty-two week high of $144.45. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company 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.