Activest Wealth Management Has $132,000 Stock Holdings in SPDR S&P Dividend ETF $SDY

Activest Wealth Management cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 974 shares of the company’s stock after selling 100 shares during the period. Activest Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vident Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 2.0% in the 1st quarter. Vident Advisory LLC now owns 4,649 shares of the company’s stock valued at $631,000 after acquiring an additional 89 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in SPDR S&P Dividend ETF by 0.7% in the 1st quarter. Evergreen Capital Management LLC now owns 14,636 shares of the company’s stock valued at $1,986,000 after acquiring an additional 100 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in SPDR S&P Dividend ETF by 30.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,983 shares of the company’s stock valued at $676,000 after acquiring an additional 1,167 shares in the last quarter. Mission Creek Capital Partners Inc. raised its holdings in SPDR S&P Dividend ETF by 5.5% in the 1st quarter. Mission Creek Capital Partners Inc. now owns 8,169 shares of the company’s stock valued at $1,108,000 after acquiring an additional 427 shares in the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the 1st quarter valued at $50,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $141.34 on Friday. The stock has a market capitalization of $20.69 billion, a PE ratio of 19.85 and a beta of 0.86. The business has a fifty day moving average price of $138.82 and a two-hundred day moving average price of $135.26. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $144.45.

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.