Colonial River Investments LLC Sells 321 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Colonial River Investments LLC trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.7% in the 4th quarter, Holdings Channel reports. The fund owned 2,017 shares of the company’s stock after selling 321 shares during the quarter. Colonial River Investments LLC’s holdings in SPDR S&P Dividend ETF were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SDY. Ritholtz Wealth Management lifted its position 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 during the period. Franklin Resources Inc. lifted its position in SPDR S&P Dividend ETF by 2.2% in the third quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock worth $8,189,000 after purchasing an additional 1,222 shares during the period. Empowered Funds LLC bought a new position in SPDR S&P Dividend ETF in the fourth quarter worth $67,000. FSA Wealth Management LLC bought a new position in SPDR S&P Dividend ETF in the third quarter worth $3,488,000. Finally, Citigroup Inc. lifted its position 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 purchasing an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $136.96 on Tuesday. The stock has a market cap of $21.67 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $124.37 and a one year high of $144.45. The stock has a fifty day moving average price of $133.41 and a 200 day moving average price of $137.66.

About SPDR S&P Dividend ETF

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.