Ameriprise Financial Inc. Reduces Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ameriprise Financial Inc. trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,674,443 shares of the company’s stock after selling 27,916 shares during the period. Ameriprise Financial Inc.’s holdings in SPDR S&P Dividend ETF were worth $223,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDY. Avion Wealth increased its position in shares of SPDR S&P Dividend ETF by 164.5% in the fourth quarter. Avion Wealth now owns 201 shares of the company’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Glass Jacobson Investment Advisors llc purchased a new position in SPDR S&P Dividend ETF during the 4th quarter valued at about $26,000. Colonial Trust Advisors bought a new position in SPDR S&P Dividend ETF during the 4th quarter valued at approximately $29,000. Kestra Investment Management LLC purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth approximately $31,000. Finally, Noble Wealth Management PBC bought a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter worth approximately $32,000.

SPDR S&P Dividend ETF Stock Down 0.5 %

Shares of SPDR S&P Dividend ETF stock opened at $131.56 on Tuesday. The business has a 50 day moving average of $132.17 and a 200 day moving average of $135.12. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The company has a market cap of $19.45 billion, a PE ratio of 20.17 and a beta of 0.80.

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.