PNC Financial Services Group Inc. Raises Stock Position in SPDR S&P Dividend ETF $SDY

PNC Financial Services Group Inc. boosted its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,419 shares of the company’s stock after purchasing an additional 148,984 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $77,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Insight Inv LLC bought a new stake in SPDR S&P Dividend ETF during the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $40,000. Private Wealth Asset Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% in the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter valued at about $45,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter valued at about $50,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.3%

SDY stock opened at $139.01 on Thursday. The company’s 50 day moving average is $139.08 and its 200 day moving average is $137.58. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45.

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.