Mather Group LLC. Trims Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mather Group LLC. reduced its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,660 shares of the company’s stock after selling 280 shares during the quarter. Mather Group LLC.’s holdings in SPDR S&P Dividend ETF were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SDY. Friedenthal Financial purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $36,000. Cardiff Park Advisors LLC increased its position in SPDR S&P Dividend ETF by 43.9% during the 3rd quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after purchasing an additional 100 shares during the period. Assetmark Inc. increased its position in SPDR S&P Dividend ETF by 428.6% during the 3rd quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Finally, West Oak Capital LLC purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at $53,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $127.39 on Thursday. The firm’s 50-day moving average price is $127.75 and its 200-day moving average price is $123.06. The company has a market capitalization of $20.15 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $131.67.

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.