Financial Management Network Inc. Sells 1,737 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Financial Management Network Inc. lowered its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Rating) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,392 shares of the company’s stock after selling 1,737 shares during the period. SPDR S&P Dividend ETF comprises 0.8% of Financial Management Network Inc.’s holdings, making the stock its 24th largest holding. Financial Management Network Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,595,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SDY. Perkins Coie Trust Co bought a new position in shares of SPDR S&P Dividend ETF during the first quarter valued at $29,000. Clearview Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $30,000. Ahrens Investment Partners LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $35,000. Rinkey Investments bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $43,000. Finally, Rise Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter worth $43,000.

Shares of NYSEARCA SDY opened at $120.47 on Friday. SPDR S&P Dividend ETF has a twelve month low of $113.22 and a twelve month high of $133.22. The firm has a fifty day simple moving average of $122.99 and a 200 day simple moving average of $125.63.

SPDR S&P Dividend ETF Company Profile (Get Rating)

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.

Read More