SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,486 shares of the company’s stock after selling 196 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $202,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SDY. Glass Jacobson Investment Advisors llc acquired a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $26,000. Colonial Trust Advisors acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of SPDR S&P Dividend ETF by 350.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 315 shares of the company’s stock worth $43,000 after buying an additional 245 shares during the period. Ameriflex Group Inc. acquired a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at approximately $44,000. Finally, Crews Bank & Trust raised its holdings in SPDR S&P Dividend ETF by 98.2% in the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.2%

Shares of NYSEARCA:SDY opened at $139.20 on Wednesday. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The company’s 50 day moving average is $136.41 and its two-hundred day moving average is $134.28. The company has a market cap of $20.40 billion, a PE ratio of 19.85 and a beta of 0.86.

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.