International Assets Investment Management LLC Lowers Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

International Assets Investment Management LLC cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 99.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,303 shares of the company’s stock after selling 1,163,993 shares during the period. International Assets Investment Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,352,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SDY. Caprock Group LLC grew its position in SPDR S&P Dividend ETF by 7.3% in the 2nd quarter. Caprock Group LLC now owns 8,044 shares of the company’s stock valued at $1,023,000 after buying an additional 545 shares during the last quarter. Wedbush Securities Inc. grew its position in SPDR S&P Dividend ETF by 11.8% in the 2nd quarter. Wedbush Securities Inc. now owns 6,274 shares of the company’s stock valued at $798,000 after buying an additional 664 shares during the last quarter. Choreo LLC grew its position in SPDR S&P Dividend ETF by 6.7% in the 2nd quarter. Choreo LLC now owns 20,387 shares of the company’s stock valued at $2,568,000 after buying an additional 1,276 shares during the last quarter. Coldstream Capital Management Inc. grew its position in SPDR S&P Dividend ETF by 1.6% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,863 shares of the company’s stock valued at $746,000 after buying an additional 90 shares during the last quarter. Finally, MGO One Seven LLC grew its position in SPDR S&P Dividend ETF by 363.8% in the 2nd quarter. MGO One Seven LLC now owns 15,667 shares of the company’s stock valued at $1,993,000 after buying an additional 12,289 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $130.84 on Thursday. The firm’s fifty day moving average price is $137.92 and its 200 day moving average price is $136.81. SPDR S&P Dividend ETF has a 1-year low of $121.52 and a 1-year high of $144.45. The firm has a market cap of $20.70 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.