Thrive Wealth Management LLC Has $278,000 Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Thrive Wealth Management LLC trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,050 shares of the company’s stock after selling 156 shares during the period. Thrive Wealth Management LLC’s holdings in SPDR S&P Dividend ETF were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $67,000. Charles Schwab Investment Management Inc. acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $724,000. Aire Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $454,000. Linscomb Wealth Inc. increased its holdings in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Linscomb Wealth Inc. now owns 297,665 shares of the company’s stock valued at $39,321,000 after purchasing an additional 2,408 shares during the period. Finally, Perennial Investment Advisors LLC increased its holdings in SPDR S&P Dividend ETF by 1.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 35,005 shares of the company’s stock valued at $4,624,000 after purchasing an additional 492 shares during the period.

SPDR S&P Dividend ETF Stock Down 0.3%

NYSEARCA SDY opened at $134.27 on Friday. The company has a market capitalization of $19.77 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a fifty day simple moving average of $131.46 and a 200 day simple moving average of $134.22.

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.