Stratos Wealth Partners LTD. Sells 21,923 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Stratos Wealth Partners LTD. cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,389 shares of the company’s stock after selling 21,923 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in SPDR S&P Dividend ETF were worth $6,837,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $724,000. Aire Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $454,000. D. E. Shaw & Co. Inc. bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $2,010,000. Perennial Investment Advisors LLC raised its position in shares of 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. Finally, Redwood Park Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at about $313,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $138.29 on Wednesday. The firm has a market capitalization of $20.30 billion, a PE ratio of 19.85 and a beta of 0.86. The company’s 50-day moving average is $134.72 and its 200-day moving average is $133.54. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45.

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.