Laurel Wealth Advisors Inc. decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,522 shares of the company’s stock after selling 101 shares during the period. Laurel Wealth Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,543,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arbor Wealth Management LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $32,000. Truvestments Capital LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth approximately $45,000. Pinnacle Bank acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $46,000. Archford Capital Strategies LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth approximately $59,000. Finally, Northwest Wealth Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 86.8% in the 1st quarter. Northwest Wealth Management LLC now owns 607 shares of the company’s stock worth $60,000 after acquiring an additional 282 shares during the period.
SDY opened at $100.57 on Monday. SPDR S&P Dividend ETF has a 1-year low of $84.28 and a 1-year high of $101.92.
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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.
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