Sawgrass Asset Management LLC Sells 274 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sawgrass Asset Management LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,240 shares of the company’s stock after selling 274 shares during the quarter. Sawgrass Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SDY. Ritholtz Wealth Management boosted its holdings in shares of SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after buying an additional 505 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 3.7% during the third quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock valued at $386,000 after buying an additional 98 shares during the period. Franklin Resources Inc. increased its position 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 during the third quarter valued at about $3,488,000. Finally, Citigroup Inc. increased its position in shares of SPDR S&P Dividend ETF by 16.0% during the third quarter. Citigroup Inc. now owns 25,758 shares of the company’s stock valued at $3,659,000 after buying an additional 3,551 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.7 %

Shares of SDY opened at $133.51 on Thursday. The business’s 50-day moving average price is $134.17 and its 200-day moving average price is $137.54. SPDR S&P Dividend ETF has a twelve month low of $121.52 and a twelve month high of $144.45. The stock has a market cap of $21.12 billion, a PE ratio of 19.72 and a beta of 0.68.

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.