Private Management Group Inc. Cuts Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Private Management Group Inc. cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,519 shares of the company’s stock after selling 123 shares during the period. Private Management Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Key Financial Inc boosted its holdings in SPDR S&P Dividend ETF by 4.4% in the third quarter. Key Financial Inc now owns 4,309 shares of the company’s stock valued at $612,000 after purchasing an additional 180 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 16.4% in the third quarter. Greenwich Wealth Management LLC now owns 2,346 shares of the company’s stock valued at $333,000 after acquiring an additional 330 shares during the period. James Investment Research Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 6.7% in the third quarter. James Investment Research Inc. now owns 4,370 shares of the company’s stock valued at $621,000 after acquiring an additional 275 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 98.8% in the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the company’s stock valued at $635,000 after acquiring an additional 2,220 shares during the period. Finally, Americana Partners LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 9.9% in the third quarter. Americana Partners LLC now owns 46,129 shares of the company’s stock valued at $6,552,000 after acquiring an additional 4,137 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $138.18 on Friday. The company has a market capitalization of $21.86 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $112.91 and a twelve month high of $144.06. The business has a 50 day simple moving average of $140.39 and a 200-day simple moving average of $133.85.

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.