Telemus Capital LLC Sells 459 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Telemus Capital LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,396 shares of the company’s stock after selling 459 shares during the period. Telemus Capital LLC’s holdings in SPDR S&P Dividend ETF were worth $549,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Friedenthal Financial bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $36,000. Cardiff Park Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 43.9% during the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Assetmark Inc. increased its stake in shares of SPDR S&P Dividend ETF by 428.6% during the third quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Finally, West Oak Capital LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $53,000.

SPDR S&P Dividend ETF Stock Up 0.7 %

Shares of SDY opened at $127.72 on Tuesday. The company has a market capitalization of $20.31 billion, a P/E ratio of 19.41 and a beta of 0.73. The firm has a 50 day moving average of $127.20 and a 200 day moving average of $122.45. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $131.67.

About SPDR S&P Dividend ETF

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.