Valmark Advisers Inc. Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Valmark Advisers Inc. reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,249 shares of the company’s stock after selling 695 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SDY. Friedenthal Financial purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $36,000. Cardiff Park Advisors LLC lifted its position in SPDR S&P Dividend ETF by 43.9% in the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock worth $38,000 after buying an additional 100 shares during the last quarter. Assetmark Inc. lifted its position in SPDR S&P Dividend ETF by 428.6% in the third quarter. Assetmark Inc. now owns 370 shares of the company’s stock worth $43,000 after buying an additional 300 shares during the last quarter. Finally, West Oak Capital LLC bought a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $53,000.

SPDR S&P Dividend ETF Stock Down 0.3 %

SDY traded down $0.41 during trading on Friday, reaching $127.49. The company had a trading volume of 151,305 shares, compared to its average volume of 379,128. The stock has a market cap of $20.28 billion, a P/E ratio of 19.41 and a beta of 0.73. The business has a 50 day simple moving average of $127.56 and a 200-day simple moving average of $122.72. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67.

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.