ProVise Management Group LLC Has $3.59 Million Stock Position in SPDR S&P Dividend ETF $SDY

ProVise Management Group LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,607 shares of the company’s stock after selling 3,855 shares during the period. ProVise Management Group LLC’s holdings in SPDR S&P Dividend ETF were worth $3,586,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SDY. First Horizon Corp acquired a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $5,486,000. Signal Advisors Wealth LLC acquired a new position in SPDR S&P Dividend ETF during the third quarter valued at $539,000. Canal Capital Management LLC raised its position in SPDR S&P Dividend ETF by 106.8% during the second quarter. Canal Capital Management LLC now owns 8,328 shares of the company’s stock valued at $1,130,000 after buying an additional 4,300 shares during the period. Allworth Financial LP lifted its stake in SPDR S&P Dividend ETF by 6.2% in the 2nd quarter. Allworth Financial LP now owns 27,993 shares of the company’s stock worth $3,799,000 after acquiring an additional 1,629 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in SPDR S&P Dividend ETF by 0.5% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 163,402 shares of the company’s stock worth $22,179,000 after acquiring an additional 844 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 0.6%

Shares of NYSEARCA SDY opened at $151.45 on Monday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.39. The business has a 50-day moving average price of $149.06 and a two-hundred day moving average price of $142.86. The firm has a market capitalization of $21.48 billion, a PE ratio of 19.85 and a beta of 0.79.

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