Mirae Asset Global Investments Co. Ltd. Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,800 shares of the company’s stock after selling 200 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR S&P Dividend ETF were worth $3,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

SPDR S&P Dividend ETF Trading Up 0.3%

SDY opened at $138.52 on Thursday. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45. The business’s fifty day simple moving average is $134.08 and its 200-day simple moving average is $133.43.

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.