Asset Management Group Inc. Reduces Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Asset Management Group Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,819 shares of the company’s stock after selling 977 shares during the quarter. Asset Management Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $3,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. lifted its stake in SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 96 shares in the last quarter. Scarborough Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 4th quarter valued at $30,000. Farmers & Merchants Investments Inc. bought a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $33,000. Finally, Russell Investments Group Ltd. grew its position in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $140.03 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $142.14. The stock has a market cap of $22.15 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm’s fifty day moving average price is $136.06 and its 200-day moving average price is $131.20.

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.