Dynamic Advisor Solutions LLC Lowers Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Dynamic Advisor Solutions LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,332 shares of the company’s stock after selling 7,551 shares during the period. Dynamic Advisor Solutions LLC’s holdings in SPDR S&P Dividend ETF were worth $2,686,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wolff Financial Management LLC raised its position in SPDR S&P Dividend ETF by 0.6% during the 4th quarter. Wolff Financial Management LLC now owns 231,681 shares of the company’s stock valued at $30,605,000 after purchasing an additional 1,351 shares in the last quarter. Midwest Financial Group LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $394,000. CX Institutional raised its holdings in shares of SPDR S&P Dividend ETF by 7.0% in the fourth quarter. CX Institutional now owns 71,551 shares of the company’s stock valued at $9,452,000 after acquiring an additional 4,697 shares in the last quarter. RFG Advisory LLC lifted its stake in SPDR S&P Dividend ETF by 9.3% in the fourth quarter. RFG Advisory LLC now owns 6,404 shares of the company’s stock worth $846,000 after acquiring an additional 543 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in SPDR S&P Dividend ETF by 20.8% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 14,022 shares of the company’s stock worth $1,852,000 after acquiring an additional 2,414 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $133.91 on Friday. The company’s 50-day simple moving average is $136.10 and its two-hundred day simple moving average is $137.19. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.