Palisade Asset Management LLC Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palisade Asset Management LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,499 shares of the company’s stock after selling 327 shares during the quarter. Palisade Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,187,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $36,000. Cardiff Park Advisors LLC lifted its position in SPDR S&P Dividend ETF by 43.9% during the third quarter. Cardiff Park Advisors LLC now owns 328 shares of the company’s stock valued at $38,000 after purchasing an additional 100 shares during the period. Assetmark Inc. lifted its position in SPDR S&P Dividend ETF by 428.6% during the third quarter. Assetmark Inc. now owns 370 shares of the company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Finally, Bare Financial Services Inc acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at $43,000.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY traded up $0.69 on Tuesday, reaching $129.88. 201,594 shares of the company’s stock traded hands, compared to its average volume of 366,350. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The stock has a 50 day moving average price of $128.04 and a 200-day moving average price of $123.56. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $131.67.

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.