Covenant Asset Management LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Covenant Asset Management LLC lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 68.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,123 shares of the company’s stock after selling 4,512 shares during the period. Covenant Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $280,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Avion Wealth increased 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 valued at $26,000 after acquiring an additional 125 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the third quarter valued at $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the third quarter valued at $32,000. Assetmark Inc. increased its position in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its position in SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $134.26 on Friday. The stock has a market cap of $21.24 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $123.32 and a one year high of $144.45. The stock has a fifty day moving average of $133.89 and a 200 day moving average of $137.49.

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.