Sandy Cove Advisors LLC Sells 206 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sandy Cove Advisors LLC reduced its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,468 shares of the company’s stock after selling 206 shares during the quarter. Sandy Cove Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $854,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 13,497.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock worth $166,797,000 after purchasing an additional 1,165,660 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Dividend ETF by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 1,036,050 shares of the company’s stock worth $147,161,000 after acquiring an additional 122,858 shares in the last quarter. Argent Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $14,644,000. Sanctuary Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the second quarter valued at approximately $10,044,000. Finally, Synovus Financial Corp raised its position in shares of SPDR S&P Dividend ETF by 88.6% during the third quarter. Synovus Financial Corp now owns 89,572 shares of the company’s stock worth $12,723,000 after purchasing an additional 42,078 shares during the period.

SPDR S&P Dividend ETF Trading Up 0.5 %

Shares of SDY stock opened at $133.77 on Friday. The firm has a fifty day simple moving average of $136.76 and a two-hundred day simple moving average of $136.93. 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 capitalization of $21.16 billion, a PE 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.