Sigma Planning Corp Cuts Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Sigma Planning Corp reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 31.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,877 shares of the company’s stock after selling 4,593 shares during the period. Sigma Planning Corp’s holdings in SPDR S&P Dividend ETF were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDY. Winebrenner Capital Management LLC acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $1,274,000. Element Wealth LLC increased its stake in shares of SPDR S&P Dividend ETF by 16.5% during the fourth quarter. Element Wealth LLC now owns 2,221 shares of the company’s stock worth $293,000 after buying an additional 314 shares during the period. LifeSteps Financial Inc. raised its holdings in SPDR S&P Dividend ETF by 1.9% in the fourth quarter. LifeSteps Financial Inc. now owns 29,121 shares of the company’s stock valued at $3,847,000 after acquiring an additional 536 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $129,000. Finally, Capital Investment Counsel Inc purchased a new position in SPDR S&P Dividend ETF in the fourth quarter worth approximately $49,000.

SPDR S&P Dividend ETF Trading Up 0.3 %

Shares of NYSEARCA:SDY opened at $136.96 on Tuesday. SPDR S&P Dividend ETF has a 52 week low of $124.37 and a 52 week high of $144.45. The company’s 50 day moving average is $133.41 and its two-hundred day moving average is $137.66. The company has a market cap of $21.67 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.