Focus Financial Network Inc. Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Focus Financial Network Inc. cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,871 shares of the company’s stock after selling 133 shares during the quarter. Focus Financial Network Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,964,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the third quarter valued at approximately $32,000. Assetmark Inc. increased its stake in shares of SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after buying an additional 167 shares during the period. Strategic Investment Solutions Inc. IL increased its stake in shares of SPDR S&P Dividend ETF by 113.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter worth $41,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

SDY opened at $134.44 on Wednesday. The stock has a fifty day simple moving average of $134.32 and a two-hundred day simple moving average of $137.54. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month 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.