Market Street Wealth Management Advisors LLC Has $640,000 Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Market Street Wealth Management Advisors LLC cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 4,714 shares of the company’s stock after selling 134 shares during the quarter. Market Street Wealth Management Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after buying an additional 14,829 shares during the last quarter. Empowered Funds LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $67,000. Nations Financial Group Inc. IA ADV boosted its holdings in SPDR S&P Dividend ETF by 7.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,345 shares of the company’s stock valued at $310,000 after purchasing an additional 168 shares during the period. Allworth Financial LP boosted its holdings in SPDR S&P Dividend ETF by 18.0% in the 4th quarter. Allworth Financial LP now owns 26,590 shares of the company’s stock valued at $3,546,000 after purchasing an additional 4,060 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $285,000.

SPDR S&P Dividend ETF Stock Down 0.8%

NYSEARCA SDY opened at $134.10 on Wednesday. The company has a market capitalization of $19.75 billion, a P/E ratio of 20.59 and a beta of 0.80. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The firm has a 50-day moving average price of $132.63 and a two-hundred day moving average price of $133.78.

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.