Asset Management Group Inc. Sells 977 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Asset Management Group Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,819 shares of the company’s stock after selling 977 shares during the quarter. Asset Management Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $3,156,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 76.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 96 shares in the last quarter. Scarborough Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the first quarter valued at about $33,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of SPDR S&P Dividend ETF by 101.6% during the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $140.03 on Friday. The business has a 50 day moving average of $136.06 and a 200-day moving average of $131.20. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $142.14. The company has a market capitalization of $22.15 billion, a P/E 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.