Vermillion & White Wealth Management Group LLC Trims Stake in SPDR S&P Dividend ETF $SDY

Vermillion & White Wealth Management Group LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 44.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 587 shares of the company’s stock after selling 464 shares during the quarter. Vermillion & White Wealth Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SDY. Thurston Springer Miller Herd & Titak Inc. increased its holdings in SPDR S&P Dividend ETF by 350.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock worth $43,000 after purchasing an additional 245 shares during the period. Ameriflex Group Inc. purchased a new position in SPDR S&P Dividend ETF during the 4th quarter worth $44,000. Crews Bank & Trust boosted its position in SPDR S&P Dividend ETF by 98.2% during the 1st quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $45,000. Finally, Wealth Preservation Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 1st quarter valued at $50,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Trading Down 0.6%

Shares of NYSEARCA SDY opened at $141.03 on Friday. The stock has a market capitalization of $20.64 billion, a PE ratio of 19.85 and a beta of 0.86. The stock’s fifty day simple moving average is $138.67 and its two-hundred day simple moving average is $135.22. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45.

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.