Pettyjohn Wood & White Inc. Reduces Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Pettyjohn Wood & White Inc. decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,277 shares of the company’s stock after selling 290 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management grew its stake in SPDR S&P Dividend ETF by 9.7% in the fourth quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after purchasing an additional 505 shares in the last quarter. Empowered Funds LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $67,000. Franklin Resources Inc. increased its stake in shares of SPDR S&P Dividend ETF by 2.2% during the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after buying an additional 1,222 shares during the period. FSA Wealth Management LLC bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter valued at about $3,488,000. Finally, Citigroup Inc. lifted its stake in SPDR S&P Dividend ETF by 16.0% in the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock worth $3,659,000 after acquiring an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $136.47 on Friday. The firm has a 50-day simple moving average of $133.60 and a 200-day simple moving average of $137.67. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45. The firm has a market cap of $20.42 billion, a P/E ratio of 21.48 and a beta of 0.88.

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.