SPDR S&P Dividend ETF (NYSEARCA:SDY) Position Reduced by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,622 shares of the company’s stock after selling 296 shares during the quarter. Great Lakes Retirement Inc.’s holdings in SPDR S&P Dividend ETF were worth $214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capstone Wealth Management Group LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.4% in the third quarter. Capstone Wealth Management Group LLC now owns 36,713 shares of the company’s stock worth $5,215,000 after purchasing an additional 145 shares in the last quarter. Legacy Financial Group LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.8% in the third quarter. Legacy Financial Group LLC now owns 374,280 shares of the company’s stock worth $53,163,000 after purchasing an additional 2,901 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 43.8% in the third quarter. SeaCrest Wealth Management LLC now owns 5,057 shares of the company’s stock worth $718,000 after purchasing an additional 1,541 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of SPDR S&P Dividend ETF by 5.8% in the third quarter. Regent Peak Wealth Advisors LLC now owns 88,251 shares of the company’s stock worth $12,535,000 after purchasing an additional 4,837 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 1.8% in the third quarter. Cornerstone Wealth Management LLC now owns 55,796 shares of the company’s stock worth $7,925,000 after purchasing an additional 971 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $133.51 on Thursday. The company has a 50 day simple moving average of $134.17 and a 200-day simple moving average of $137.54. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45.

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.