Abbrea Capital LLC Has $1.68 Million Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Abbrea Capital LLC decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,451 shares of the company’s stock after selling 780 shares during the period. Abbrea Capital LLC’s holdings in SPDR S&P Dividend ETF were worth $1,681,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of SPDR S&P Dividend ETF in the 4th quarter valued at $36,000. Cardiff Park Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 43.9% in the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 428.6% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, West Oak Capital LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth about $53,000.

SPDR S&P Dividend ETF Stock Down 0.3 %

NYSEARCA:SDY traded down $0.41 during mid-day trading on Friday, reaching $127.49. 151,303 shares of the company were exchanged, compared to its average volume of 379,128. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $131.67. The company has a fifty day moving average of $127.49 and a 200 day moving average of $122.63. The stock has a market cap of $20.28 billion, a PE ratio of 19.41 and a beta of 0.73.

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.