PDS Planning Inc Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

PDS Planning Inc reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,522 shares of the company’s stock after selling 259 shares during the quarter. PDS Planning Inc’s holdings in SPDR S&P Dividend ETF were worth $2,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Axxcess Wealth Management LLC raised its position in SPDR S&P Dividend ETF by 7.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 19,217 shares of the company’s stock valued at $2,539,000 after acquiring an additional 1,262 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in SPDR S&P Dividend ETF by 308.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 16,732 shares of the company’s stock valued at $2,210,000 after acquiring an additional 12,635 shares in the last quarter. Cozad Asset Management Inc. raised its position in SPDR S&P Dividend ETF by 0.9% during the fourth quarter. Cozad Asset Management Inc. now owns 16,322 shares of the company’s stock valued at $2,156,000 after acquiring an additional 146 shares in the last quarter. Addison Capital Co raised its position in SPDR S&P Dividend ETF by 20.1% during the fourth quarter. Addison Capital Co now owns 6,034 shares of the company’s stock valued at $797,000 after acquiring an additional 1,009 shares in the last quarter. Finally, SlateStone Wealth LLC raised its position in SPDR S&P Dividend ETF by 25.2% during the fourth quarter. SlateStone Wealth LLC now owns 8,855 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,781 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 1.1 %

Shares of SDY stock opened at $136.12 on Tuesday. The stock has a 50 day moving average of $134.53 and a 200 day moving average of $137.67. The stock has a market cap of $20.25 billion, a P/E ratio of 20.91 and a beta of 0.87. SPDR S&P Dividend ETF has a twelve month low of $124.37 and a twelve month high of $144.45.

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.