Simplicity Solutions LLC Sells 295 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Simplicity Solutions LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,959 shares of the company’s stock after selling 295 shares during the period. Simplicity Solutions LLC’s holdings in SPDR S&P Dividend ETF were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Barclays PLC bought a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at about $25,000. Russell Investments Group Ltd. bought a new position in SPDR S&P Dividend ETF during the second quarter worth about $27,000. Friedenthal Financial bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $29,000. Live Oak Investment Partners bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth about $36,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $125.65 on Friday. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $131.67. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73. The firm’s 50-day simple moving average is $127.06 and its 200 day simple moving average is $122.12.

SPDR S&P Dividend ETF Company 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.