Mission Wealth Management LP Has $7.21 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Mission Wealth Management LP cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.7% in the third quarter, HoldingsChannel reports. The fund owned 51,479 shares of the company’s stock after selling 5,556 shares during the period. Mission Wealth Management LP’s holdings in SPDR S&P Dividend ETF were worth $7,210,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. CVA Family Office LLC boosted its stake in shares of SPDR S&P Dividend ETF by 60.0% in the 3rd quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. KFA Private Wealth Group LLC lifted its holdings in SPDR S&P Dividend ETF by 4.0% in the third quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock valued at $282,000 after buying an additional 78 shares during the period. Stablepoint Partners LLC boosted its stake in SPDR S&P Dividend ETF by 0.5% in the third quarter. Stablepoint Partners LLC now owns 16,249 shares of the company’s stock valued at $2,276,000 after acquiring an additional 80 shares during the last quarter. HTG Investment Advisors Inc. raised its position in shares of SPDR S&P Dividend ETF by 2.6% during the 2nd quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.8% in the 2nd quarter. Daymark Wealth Partners LLC now owns 10,987 shares of the company’s stock valued at $1,491,000 after purchasing an additional 84 shares during the period. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of SPDR S&P Dividend ETF stock opened at $149.21 on Tuesday. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $149.36. The business has a fifty day simple moving average of $142.43 and a 200 day simple moving average of $140.34. The stock has a market cap of $21.14 billion, a PE ratio of 19.85 and a beta of 0.79.

About SPDR S&P Dividend ETF

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.