Salomon & Ludwin LLC Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Salomon & Ludwin LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 42,858 shares of the company’s stock after selling 4,798 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR S&P Dividend ETF were worth $6,089,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth $33,000. Woodmont Investment Counsel LLC bought a new stake in SPDR S&P Dividend ETF in the 1st quarter worth about $154,000. WFA Asset Management Corp raised its position in SPDR S&P Dividend ETF by 101.9% in the 1st quarter. WFA Asset Management Corp now owns 319 shares of the company’s stock worth $42,000 after buying an additional 161 shares during the last quarter. Albion Financial Group UT lifted its stake in SPDR S&P Dividend ETF by 2.6% during the 1st quarter. Albion Financial Group UT now owns 63,467 shares of the company’s stock valued at $8,329,000 after acquiring an additional 1,615 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in SPDR S&P Dividend ETF by 0.7% during the 1st quarter. Westside Investment Management Inc. now owns 31,132 shares of the company’s stock valued at $4,086,000 after acquiring an additional 231 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.9 %

Shares of SDY stock opened at $139.68 on Monday. The company has a 50 day moving average price of $140.19 and a 200-day moving average price of $133.45. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $144.06. The firm has a market capitalization of $22.10 billion, a PE 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.