Johnson & White Wealth Management LLC Reduces Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Johnson & White Wealth Management LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,555 shares of the company’s stock after selling 4,386 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 3.1% of Johnson & White Wealth Management LLC’s holdings, making the stock its 9th largest position. Johnson & White Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,192,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF in the 3rd quarter valued at approximately $31,000. JNBA Financial Advisors purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $32,000. Assetmark Inc. raised its stake in SPDR S&P Dividend ETF by 192.0% during the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its stake in SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth $38,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $129.91 on Tuesday. SPDR S&P Dividend ETF has a one year low of $121.52 and a one year high of $144.45. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The business has a fifty day moving average price of $137.42 and a 200-day moving average price of $136.91.

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.