Lake Street Private Wealth LLC Sells 844 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Lake Street Private Wealth LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,727 shares of the company’s stock after selling 844 shares during the quarter. Lake Street Private Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDY. Cetera Investment Advisers increased its holdings in SPDR S&P Dividend ETF by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in SPDR S&P Dividend ETF by 114.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock valued at $46,221,000 after purchasing an additional 194,290 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in SPDR S&P Dividend ETF by 4,418.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock valued at $11,280,000 after purchasing an additional 86,729 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at $10,044,000. Finally, Prosperity Consulting Group LLC increased its holdings in SPDR S&P Dividend ETF by 144.5% during the 1st quarter. Prosperity Consulting Group LLC now owns 129,121 shares of the company’s stock valued at $16,946,000 after purchasing an additional 76,309 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY traded down $0.37 during midday trading on Wednesday, hitting $141.05. The stock had a trading volume of 49,581 shares, compared to its average volume of 286,640. The company’s 50-day simple moving average is $139.85 and its 200 day simple moving average is $133.20. The firm has a market cap of $22.31 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $144.06.

SPDR S&P Dividend ETF 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.