New England Private Wealth Advisors LLC Sells 4,551 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

New England Private Wealth Advisors LLC trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,483 shares of the company’s stock after selling 4,551 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,309,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Secure Asset Management LLC increased its position in SPDR S&P Dividend ETF by 10.7% during the third quarter. Secure Asset Management LLC now owns 2,942 shares of the company’s stock valued at $338,000 after acquiring an additional 285 shares during the last quarter. Fiduciary Alliance LLC increased its position in SPDR S&P Dividend ETF by 28.1% in the third quarter. Fiduciary Alliance LLC now owns 3,082 shares of the company’s stock worth $354,000 after buying an additional 677 shares in the last quarter. Ballentine Partners LLC increased its position in SPDR S&P Dividend ETF by 7.4% in the third quarter. Ballentine Partners LLC now owns 2,177 shares of the company’s stock worth $250,000 after buying an additional 150 shares in the last quarter. TFG Advisers LLC increased its position in SPDR S&P Dividend ETF by 7.9% in the third quarter. TFG Advisers LLC now owns 11,876 shares of the company’s stock worth $1,366,000 after buying an additional 867 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in SPDR S&P Dividend ETF by 3.8% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 21,220 shares of the company’s stock worth $2,441,000 after buying an additional 769 shares in the last quarter.

SPDR S&P Dividend ETF Stock Down 0.3 %

SDY traded down $0.41 during midday trading on Friday, reaching $127.49. The company had a trading volume of 151,303 shares, compared to its average volume of 379,128. The business has a 50-day moving average of $127.56 and a two-hundred day moving average of $122.72. The company has a market cap of $20.28 billion, a P/E ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 1 year low of $109.87 and a 1 year high of $131.67.

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.