ProVise Management Group LLC Has $5.75 Million Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

ProVise Management Group LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,514 shares of the company’s stock after selling 3,070 shares during the period. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $5,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $397,657,000. Joel Isaacson & Co. LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,516,645 shares of the company’s stock valued at $332,449,000 after purchasing an additional 54,648 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,103,945 shares of the company’s stock valued at $145,831,000 after purchasing an additional 30,488 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Dividend ETF by 13.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock valued at $147,161,000 after purchasing an additional 122,858 shares during the last quarter. Finally, Destination Wealth Management increased its stake in shares of SPDR S&P Dividend ETF by 0.3% in the 3rd quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $135.53 on Wednesday. SPDR S&P Dividend ETF has a 52-week low of $124.37 and a 52-week high of $144.45. The business’s fifty day moving average is $134.62 and its 200-day moving average is $137.64. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 20.91 and a beta of 0.87.

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.