SPDR S&P Dividend ETF (NYSEARCA:SDY) is Aries Wealth Management’s 9th Largest Position

Aries Wealth Management trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,463 shares of the company’s stock after selling 1,594 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 1.9% of Aries Wealth Management’s portfolio, making the stock its 9th largest holding. Aries Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $6,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Avion Wealth raised its stake in SPDR S&P Dividend ETF by 164.5% during the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $31,000. JNBA Financial Advisors acquired a new stake in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $32,000. Assetmark Inc. raised its position in shares of 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 period. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in SPDR S&P Dividend ETF by 113.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the last quarter.

SPDR S&P Dividend ETF Trading Up 1.0 %

NYSEARCA SDY opened at $134.88 on Friday. SPDR S&P Dividend ETF has a twelve month low of $122.20 and a twelve month high of $144.45. The stock has a market cap of $21.34 billion, a PE ratio of 19.72 and a beta of 0.68. The stock has a fifty day simple moving average of $134.01 and a 200-day simple moving average of $137.51.

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.