Alpha Cubed Investments LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Alpha Cubed Investments LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,531 shares of the company’s stock after selling 2,490 shares during the period. Alpha Cubed Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $1,259,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SDY. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF during the third quarter worth about $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at approximately $32,000. Assetmark Inc. lifted its position in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the period. Strategic Investment Solutions Inc. IL lifted its position in SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $38,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

NYSEARCA:SDY opened at $133.77 on Tuesday. The stock’s 50 day simple moving average is $136.60 and its 200-day simple moving average is $137.13. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45. The firm has a market cap of $21.16 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.