SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Archer Investment Corp

Archer Investment Corp reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,918 shares of the company’s stock after selling 241 shares during the period. Archer Investment Corp’s holdings in SPDR S&P Dividend ETF were worth $615,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 103,758.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 355,848,925 shares of the company’s stock worth $44,520,259,000 after buying an additional 355,506,297 shares during the period. Morgan Stanley boosted its stake in SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Morgan Stanley now owns 5,810,934 shares of the company’s stock worth $727,006,000 after buying an additional 105,707 shares during the period. Royal Bank of Canada boosted its stake in SPDR S&P Dividend ETF by 0.4% during the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after buying an additional 10,757 shares during the period. Joel Isaacson & Co. LLC boosted its stake in SPDR S&P Dividend ETF by 1.5% during the third quarter. Joel Isaacson & Co. LLC now owns 2,370,763 shares of the company’s stock worth $272,661,000 after buying an additional 35,608 shares during the period. Finally, Raymond James & Associates boosted its stake in SPDR S&P Dividend ETF by 1.5% during the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock worth $291,463,000 after buying an additional 34,564 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY traded up $0.30 during midday trading on Wednesday, hitting $124.90. The company’s stock had a trading volume of 175,609 shares, compared to its average volume of 394,302. The business’s fifty day simple moving average is $126.98 and its two-hundred day simple moving average is $122.07. 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 $19.87 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73.

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.