Nwam LLC Sells 31,409 Shares of SPDR S&P Dividend ETF $SDY

Nwam LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 86.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,908 shares of the company’s stock after selling 31,409 shares during the period. Nwam LLC’s holdings in SPDR S&P Dividend ETF were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SDY. Brighton Jones LLC grew its stake in shares of SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the period. AQR Capital Management LLC boosted its stake in SPDR S&P Dividend ETF by 49.5% in the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after buying an additional 2,627 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at $40,000. LongView Wealth Management bought a new stake in SPDR S&P Dividend ETF in the second quarter valued at $200,000. Finally, Butensky & Cohen Financial Security Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 8,830 shares of the company’s stock worth $1,199,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY opened at $146.51 on Friday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $146.92. The company’s fifty day moving average is $140.35 and its 200-day moving average is $139.67. The company has a market capitalization of $20.80 billion, a PE ratio of 19.85 and a beta of 0.79.

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.