Welch & Forbes LLC Cuts Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Welch & Forbes LLC lessened its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,100 shares of the company’s stock after selling 822 shares during the quarter. Welch & Forbes LLC’s holdings in SPDR S&P Dividend ETF were worth $2,887,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SDY. Apollon Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Apollon Wealth Management LLC now owns 19,888 shares of the company’s stock valued at $2,485,000 after purchasing an additional 146 shares during the last quarter. NTV Asset Management LLC grew its position in SPDR S&P Dividend ETF by 7.3% in the fourth quarter. NTV Asset Management LLC now owns 3,327 shares of the company’s stock worth $416,000 after acquiring an additional 227 shares in the last quarter. National Bank of Canada FI increased its stake in SPDR S&P Dividend ETF by 0.3% during the fourth quarter. National Bank of Canada FI now owns 46,874 shares of the company’s stock worth $5,876,000 after acquiring an additional 144 shares during the last quarter. TCG Advisory Services LLC purchased a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $283,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at approximately $204,000.

SPDR S&P Dividend ETF Trading Up 0.5 %

Shares of NYSEARCA SDY traded up $0.69 during trading hours on Tuesday, hitting $129.88. 201,594 shares of the company traded hands, compared to its average volume of 366,350. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s 50 day moving average price is $128.04 and its 200 day moving average price is $123.56. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month 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.