Wellspring Financial Advisors LLC Sells 724 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Wellspring Financial Advisors LLC lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 69,463 shares of the company’s stock after selling 724 shares during the period. Wellspring Financial Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $9,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its position in SPDR S&P Dividend ETF by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 217,159 shares of the company’s stock valued at $30,846,000 after purchasing an additional 9,594 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of SPDR S&P Dividend ETF by 281.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 20,920 shares of the company’s stock valued at $2,797,000 after buying an additional 15,432 shares during the period. Drucker Wealth 3.0 LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the third quarter. Drucker Wealth 3.0 LLC now owns 19,041 shares of the company’s stock valued at $2,705,000 after acquiring an additional 142 shares in the last quarter. M&T Bank Corp lifted its stake in SPDR S&P Dividend ETF by 2.0% in the third quarter. M&T Bank Corp now owns 55,010 shares of the company’s stock worth $7,814,000 after acquiring an additional 1,068 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in SPDR S&P Dividend ETF by 4.3% in the third quarter. Sunbelt Securities Inc. now owns 10,180 shares of the company’s stock valued at $1,446,000 after acquiring an additional 418 shares in the last quarter.

SPDR S&P Dividend ETF Trading Down 5.1 %

Shares of SPDR S&P Dividend ETF stock opened at $125.88 on Monday. The company’s fifty day simple moving average is $135.08 and its two-hundred day simple moving average is $137.14. SPDR S&P Dividend ETF has a 12-month low of $123.10 and a 12-month high of $144.45. The company has a market cap of $18.69 billion, a P/E ratio of 20.96 and a beta of 0.80.

SPDR S&P Dividend ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.8184 dividend. 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.