Tennessee Valley Asset Management Partners Sells 196 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Tennessee Valley Asset Management Partners lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,633 shares of the company’s stock after selling 196 shares during the period. Tennessee Valley Asset Management Partners’ holdings in SPDR S&P Dividend ETF were worth $348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDY. Ritholtz Wealth Management lifted its position in SPDR S&P Dividend ETF by 9.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,718 shares of the company’s stock worth $755,000 after buying an additional 505 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 2,720 shares of the company’s stock worth $386,000 after acquiring an additional 98 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 57,428 shares of the company’s stock valued at $8,189,000 after purchasing an additional 1,222 shares in the last quarter. CX Institutional grew its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the 3rd quarter. CX Institutional now owns 66,854 shares of the company’s stock valued at $9,496,000 after purchasing an additional 2,580 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in SPDR S&P Dividend ETF by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,397 shares of the company’s stock worth $12,387,000 after purchasing an additional 2,705 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.0 %

NYSEARCA SDY opened at $133.91 on Monday. The company has a 50-day simple moving average of $136.10 and a two-hundred day simple moving average of $137.27. SPDR S&P Dividend ETF has a 12-month low of $121.52 and a 12-month high of $144.45. The firm has a market cap of $21.18 billion, a price-to-earnings 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.