ZWJ Investment Counsel Inc. Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

ZWJ Investment Counsel Inc. reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,398 shares of the company’s stock after selling 96 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in SPDR S&P Dividend ETF were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SDY. Creekmur Asset Management LLC lifted its position in SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Creekmur Asset Management LLC now owns 11,357 shares of the company’s stock valued at $1,500,000 after purchasing an additional 80 shares during the period. Rebalance LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock valued at $1,447,000 after buying an additional 85 shares during the period. Long Run Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 0.6% in the 1st quarter. Long Run Wealth Advisors LLC now owns 14,452 shares of the company’s stock worth $1,961,000 after buying an additional 88 shares during the last quarter. Institute for Wealth Management LLC. grew its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the first quarter. Institute for Wealth Management LLC. now owns 2,318 shares of the company’s stock worth $315,000 after acquiring an additional 89 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.6% in the 4th quarter. Belpointe Asset Management LLC now owns 15,309 shares of the company’s stock worth $2,142,000 after purchasing an additional 96 shares during the period. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of SDY opened at $138.52 on Thursday. The business has a 50-day simple moving average of $134.08 and a two-hundred day simple moving average of $133.43. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45.

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.