Genesis Private Wealth LLC Has $521,000 Stock Holdings in SPDR S&P Dividend ETF $SDY

Genesis Private Wealth LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,835 shares of the company’s stock after selling 457 shares during the quarter. Genesis Private Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Joel Isaacson & Co. LLC increased its stake in shares of SPDR S&P Dividend ETF by 1.7% in the first quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock valued at $347,104,000 after buying an additional 41,613 shares in the last quarter. Royal Bank of Canada increased its stake in shares of SPDR S&P Dividend ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after buying an additional 20,594 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of SPDR S&P Dividend ETF by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after buying an additional 8,613 shares in the last quarter. Cetera Investment Advisers boosted its holdings in SPDR S&P Dividend ETF by 0.6% in the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC boosted its holdings in SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after acquiring an additional 2,487 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Up 0.9%

SPDR S&P Dividend ETF stock opened at $139.33 on Monday. The business’s 50-day simple moving average is $139.80 and its 200 day simple moving average is $135.78. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $144.45.

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.