Resolute Wealth Strategies LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Resolute Wealth Strategies LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,678 shares of the company’s stock after selling 544 shares during the quarter. Resolute Wealth Strategies LLC’s holdings in SPDR S&P Dividend ETF were worth $585,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Friedenthal Financial purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $36,000. Cardiff Park Advisors LLC raised its stake 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 valued at $38,000 after acquiring an additional 100 shares during the period. Assetmark Inc. increased its holdings in SPDR S&P Dividend ETF by 428.6% in the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. Finally, Bare Financial Services Inc purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $43,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded up $0.51 on Friday, hitting $128.60. The stock had a trading volume of 191,750 shares, compared to its average volume of 370,541. The company’s 50 day moving average price is $127.86 and its 200-day moving average price is $123.19. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67. The firm has a market capitalization of $20.34 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.