ProVise Management Group LLC Has $7.55 Million Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

ProVise Management Group LLC lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 45.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,364 shares of the company’s stock after selling 49,133 shares during the period. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $7,550,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pathstone Holdings LLC bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth about $94,819,000. Cetera Investment Advisers grew its stake in SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after buying an additional 509,007 shares during the last quarter. Legacy Financial Group LLC grew its stake in shares of SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after purchasing an additional 370,094 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of SPDR S&P Dividend ETF by 114.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock valued at $46,221,000 after purchasing an additional 194,290 shares during the last quarter. Finally, Argent Capital Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $15,142,000.

SPDR S&P Dividend ETF Price Performance

SDY opened at $140.58 on Thursday. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $142.14. The company’s 50 day simple moving average is $135.63 and its 200-day simple moving average is $131.04. The stock has a market capitalization of $22.24 billion, a P/E ratio of 19.72 and a beta of 0.68.

About SPDR S&P Dividend ETF

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.