SPDR S&P Dividend ETF (NYSEARCA:SDY) is VisionPoint Advisory Group LLC’s 9th Largest Position

VisionPoint Advisory Group LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,592 shares of the company’s stock after selling 5,772 shares during the period. SPDR S&P Dividend ETF makes up 1.8% of VisionPoint Advisory Group LLC’s portfolio, making the stock its 9th biggest position. VisionPoint Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $5,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Avion Wealth grew its holdings in shares of SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Capital Performance Advisors LLP bought a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth approximately $31,000. JNBA Financial Advisors bought a new stake in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $32,000. Finally, Assetmark Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 192.0% in the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares during the period.

SPDR S&P Dividend ETF Stock Up 0.4 %

Shares of NYSEARCA:SDY opened at $136.66 on Friday. The business’s 50 day moving average is $133.45 and its 200 day moving average is $137.52. The stock has a market cap of $21.62 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $124.12 and a 52-week high of $144.45.

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.