Financial Counselors Inc. Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Financial Counselors Inc. lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,099 shares of the company’s stock after selling 3,520 shares during the quarter. Financial Counselors Inc.’s holdings in SPDR S&P Dividend ETF were worth $14,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC boosted its position in shares of SPDR S&P Dividend ETF by 1.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 6,916 shares of the company’s stock worth $914,000 after buying an additional 76 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 4.9% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,617 shares of the company’s stock valued at $214,000 after purchasing an additional 76 shares in the last quarter. Good Life Advisors LLC grew its position in shares of SPDR S&P Dividend ETF by 1.4% in the fourth quarter. Good Life Advisors LLC now owns 5,665 shares of the company’s stock valued at $748,000 after purchasing an additional 79 shares during the last quarter. Rebalance LLC increased its stake in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after purchasing an additional 85 shares in the last quarter. Finally, Smart Money Group LLC raised its position in shares of SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Smart Money Group LLC now owns 12,547 shares of the company’s stock worth $1,658,000 after purchasing an additional 86 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $134.79 on Thursday. The stock’s 50 day moving average price is $135.12 and its 200 day moving average price is $137.47. The firm has a market cap of $20.06 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a 1 year low of $124.37 and a 1 year high of $144.45.

SPDR S&P Dividend ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a dividend of $0.8184 per share. The ex-dividend date was Monday, March 24th.

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.