Resources Investment Advisors Inc. trimmed its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,886 shares of the company’s stock after selling 131 shares during the period. Resources Investment Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth approximately $26,000. Arbor Wealth Management LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $32,000. Truvestments Capital LLC bought a new position in shares of SPDR S&P Dividend ETF in the first quarter worth about $45,000. Pinnacle Bank bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter worth about $46,000. Finally, Northwest Wealth Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 86.8% in the first quarter. Northwest Wealth Management LLC now owns 607 shares of the company’s stock worth $60,000 after purchasing an additional 282 shares during the last quarter.
Shares of NYSEARCA SDY traded up $0.79 during mid-day trading on Friday, reaching $100.88. The company had a trading volume of 359,653 shares, compared to its average volume of 679,625. SPDR S&P Dividend ETF has a 52 week low of $84.28 and a 52 week high of $102.14. The stock’s 50-day moving average price is $99.39.
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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