New England Private Wealth Advisors LLC Sells 232 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

New England Private Wealth Advisors LLC decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,674 shares of the company’s stock after selling 232 shares during the period. New England Private Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $2,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Frazier Financial Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $27,000. Riggs Asset Managment Co. Inc. increased its position in shares of SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 96 shares during the period. Scarborough Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $30,000. Farmers & Merchants Investments Inc. bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. boosted its holdings in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares during the period.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $138.52 on Thursday. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $140.15. The business’s fifty day moving average is $134.25 and its 200 day moving average is $130.51. The company has a market capitalization of $21.91 billion, a PE 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.