Meridian Wealth Advisors LLC trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,582 shares of the company’s stock after selling 379 shares during the period. Meridian Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,908,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. LPL Financial LLC grew its stake in SPDR S&P Dividend ETF by 2.1% in the 4th quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after buying an additional 59,001 shares during the last quarter. Intellus Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $739,000. Lee Danner & Bass Inc. acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $125,000. Kiker Wealth Management LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $93,000. Finally, VSM Wealth Advisory LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $65,000.
SPDR S&P Dividend ETF Trading Down 0.7 %
NYSEARCA:SDY opened at $134.20 on Friday. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45. The firm’s fifty day simple moving average is $134.92 and its 200 day simple moving average is $137.56. The firm has a market capitalization of $19.97 billion, a PE ratio of 20.91 and a beta of 0.87.
SPDR S&P Dividend ETF 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.
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