Continuum Advisory LLC Decreases Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Continuum Advisory LLC lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 33.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 268 shares of the company’s stock after selling 133 shares during the quarter. Continuum Advisory LLC’s holdings in SPDR S&P Dividend ETF were worth $36,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Creekmur Asset Management LLC boosted its stake in SPDR S&P Dividend ETF by 0.7% in the 4th quarter. Creekmur Asset Management LLC now owns 11,357 shares of the company’s stock worth $1,500,000 after purchasing an additional 80 shares in the last quarter. Rebalance LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Rebalance LLC now owns 10,955 shares of the company’s stock worth $1,447,000 after buying an additional 85 shares during the last quarter. Long Run Wealth Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.6% during the first quarter. Long Run Wealth Advisors LLC now owns 14,452 shares of the company’s stock worth $1,961,000 after buying an additional 88 shares during the period. Institute for Wealth Management LLC. grew its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the first quarter. Institute for Wealth Management LLC. now owns 2,318 shares of the company’s stock valued at $315,000 after buying an additional 89 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% during the fourth quarter. Belpointe Asset Management LLC now owns 15,309 shares of the company’s stock valued at $2,142,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $134.89 on Friday. The business has a fifty day moving average of $133.46 and a 200 day moving average of $133.49. SPDR S&P Dividend ETF has a 1 year low of $119.83 and a 1 year high of $144.45. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

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.