GEM Asset Management LLC Lowers Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

GEM Asset Management LLC decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,573 shares of the company’s stock after selling 568 shares during the period. GEM Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $340,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in SPDR S&P Dividend ETF in the third quarter worth about $31,000. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $32,000. Assetmark Inc. raised its holdings in SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock worth $36,000 after acquiring an additional 167 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in SPDR S&P Dividend ETF during the 4th quarter valued at $38,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

SPDR S&P Dividend ETF stock opened at $134.44 on Wednesday. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock has a fifty day simple moving average of $134.32 and a two-hundred day simple moving average of $137.54. SPDR S&P Dividend ETF has a 12 month low of $121.52 and a 12 month high of $144.45.

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.