Belpointe Asset Management LLC Sells 33,659 Shares of SPDR S&P Dividend ETF (SDY)

Belpointe Asset Management LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 61.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,262 shares of the company’s stock after selling 33,659 shares during the period. Belpointe Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,903,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Certified Advisory Corp raised its stake in SPDR S&P Dividend ETF by 1.1% in the 4th quarter. Certified Advisory Corp now owns 11,159 shares of the company’s stock valued at $999,000 after purchasing an additional 120 shares during the last quarter. Merriman Wealth Management LLC raised its stake in SPDR S&P Dividend ETF by 6.6% in the 4th quarter. Merriman Wealth Management LLC now owns 2,268 shares of the company’s stock valued at $204,000 after purchasing an additional 140 shares during the last quarter. Ancora Advisors LLC raised its stake in SPDR S&P Dividend ETF by 1.7% in the 4th quarter. Ancora Advisors LLC now owns 8,284 shares of the company’s stock valued at $742,000 after purchasing an additional 141 shares during the last quarter. Rossmore Private Capital raised its stake in SPDR S&P Dividend ETF by 5.9% in the 4th quarter. Rossmore Private Capital now owns 2,700 shares of the company’s stock valued at $242,000 after purchasing an additional 150 shares during the last quarter. Finally, Intersect Capital LLC raised its stake in SPDR S&P Dividend ETF by 4.6% in the 4th quarter. Intersect Capital LLC now owns 3,382 shares of the company’s stock valued at $303,000 after purchasing an additional 150 shares during the last quarter.

NYSEARCA SDY traded up $0.31 during mid-day trading on Friday, hitting $100.99. The stock had a trading volume of 568,824 shares, compared to its average volume of 775,703. SPDR S&P Dividend ETF has a twelve month low of $84.28 and a twelve month high of $101.45.

TRADEMARK VIOLATION WARNING: “Belpointe Asset Management LLC Sells 33,659 Shares of SPDR S&P Dividend ETF (SDY)” was published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.baseballdailydigest.com/news/2019/04/21/spdr-sp-dividend-etf-sdy-stake-decreased-by-belpointe-asset-management-llc.html.

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.

Further Reading: What is the 52-week high/low?

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

Receive News & Ratings for SPDR S&P Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.