HighTower Advisors LLC Sells 6,074 Shares of SPDR S&P Dividend ETF $SDY

HighTower Advisors LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,880 shares of the company’s stock after selling 6,074 shares during the quarter. HighTower Advisors LLC owned about 0.34% of SPDR S&P Dividend ETF worth $67,058,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SDY. CVA Family Office LLC raised its holdings in SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Flagship Wealth Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $29,000. Delos Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

Shares of SPDR S&P Dividend ETF stock opened at $148.12 on Thursday. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a 1-year low of $131.96 and a 1-year high of $156.39. The firm’s 50-day moving average price is $147.37 and its two-hundred day moving average price is $145.58.

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