SPDR S&P Dividend ETF $SDY Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,959 shares of the company’s stock after selling 3,711 shares during the period. Cornerstone Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $7,648,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of SPDR S&P Dividend ETF by 89.7% during the 4th quarter. Allworth Financial LP now owns 52,768 shares of the company’s stock worth $7,343,000 after purchasing an additional 24,952 shares during the last quarter. Pacific Sun Financial Corp raised its position in shares of SPDR S&P Dividend ETF by 1.1% during the 4th quarter. Pacific Sun Financial Corp now owns 9,088 shares of the company’s stock worth $1,265,000 after purchasing an additional 100 shares during the last quarter. Biltmore Family Office LLC raised its position in shares of SPDR S&P Dividend ETF by 118.0% during the 4th quarter. Biltmore Family Office LLC now owns 1,090 shares of the company’s stock worth $152,000 after purchasing an additional 590 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of SPDR S&P Dividend ETF by 27.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 36,401 shares of the company’s stock worth $5,066,000 after purchasing an additional 7,846 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of SPDR S&P Dividend ETF by 9.2% during the 4th quarter. World Investment Advisors now owns 80,205 shares of the company’s stock worth $11,135,000 after purchasing an additional 6,744 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $147.40 on Friday. SPDR S&P Dividend ETF has a 1 year low of $131.96 and a 1 year high of $156.39. The company has a market capitalization of $21.57 billion, a P/E ratio of 19.85 and a beta of 0.71. The business has a 50 day moving average price of $147.76 and a 200 day moving average price of $145.33.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.