Retirement Investment Advisors Inc. Lowers Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Retirement Investment Advisors Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 16,432 shares of the company’s stock after selling 612 shares during the period. SPDR S&P Dividend ETF comprises approximately 0.2% of Retirement Investment Advisors Inc.’s holdings, making the stock its 17th biggest position. Retirement Investment Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SDY. Avion Wealth grew its position in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at about $31,000. Noble Wealth Management PBC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $32,000. Rialto Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $134.29 on Friday. The firm has a 50 day simple moving average of $135.17 and a two-hundred day simple moving average of $137.41. The stock has a market cap of $19.98 billion, a PE ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45.

SPDR S&P Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.