Assetmark Inc. Cuts Stock Holdings in SPDR S&P Dividend ETF $SDY

Assetmark Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 98.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,539 shares of the company’s stock after selling 234,240 shares during the period. Assetmark Inc.’s holdings in SPDR S&P Dividend ETF were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC boosted its stake in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Flagship Wealth Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Compass Financial Services Inc bought a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $29,000. Global Wealth Strategies & Associates boosted its position in SPDR S&P Dividend ETF by 985.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after buying an additional 197 shares during the period. Finally, Total Investment Management Inc. bought a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth $43,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

SDY stock opened at $155.02 on Friday. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The firm’s 50-day moving average price is $146.30 and its two-hundred day moving average price is $141.82. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $156.12.

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