Turtle Creek Wealth Advisors LLC Decreases Stock Holdings in SPDR S&P Dividend ETF $SDY

Turtle Creek Wealth Advisors LLC lowered its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 56.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,508 shares of the company’s stock after selling 3,309 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Godsey & Gibb Inc. raised its position in shares of SPDR S&P Dividend ETF by 4.0% during the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after buying an additional 70 shares in the last quarter. Ritholtz Wealth Management grew its position in SPDR S&P Dividend ETF by 1.3% in the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after acquiring an additional 71 shares in the last quarter. Golden State Wealth Management LLC grew its position in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after acquiring an additional 71 shares in the last quarter. Keel Point LLC increased its stake in SPDR S&P Dividend ETF by 2.2% during the third quarter. Keel Point LLC now owns 3,499 shares of the company’s stock worth $490,000 after acquiring an additional 76 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in SPDR S&P Dividend ETF by 0.7% during the fourth quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after acquiring an additional 80 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $155.67 on Friday. The company has a market cap of $21.88 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $156.39. The stock’s 50 day simple moving average is $149.89 and its two-hundred day simple moving average is $148.30.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.