Connecticut Wealth Management LLC Has $5.52 Million Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Connecticut Wealth Management LLC trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,416 shares of the company’s stock after selling 252 shares during the quarter. Connecticut Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDY. Fifth Third Securities Inc. raised its holdings in SPDR S&P Dividend ETF by 7.9% during the 2nd quarter. Fifth Third Securities Inc. now owns 12,567 shares of the company’s stock worth $1,598,000 after purchasing an additional 922 shares during the last quarter. LRI Investments LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $492,000. TD Capital Management LLC increased its position in shares of SPDR S&P Dividend ETF by 50.6% during the fourth quarter. TD Capital Management LLC now owns 780 shares of the company’s stock worth $97,000 after buying an additional 262 shares during the period. GM Advisory Group LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $255,000. Finally, Roundview Capital LLC acquired a new position in SPDR S&P Dividend ETF in the fourth quarter valued at $215,000.

SPDR S&P Dividend ETF Trading Down 0.2 %

Shares of SDY opened at $140.03 on Friday. The firm’s fifty day simple moving average is $136.06 and its two-hundred day simple moving average is $131.20. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $142.14. The stock has a market capitalization of $22.15 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.