Dynamic Advisor Solutions LLC reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY – Free Report) by 29.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,833 shares of the company’s stock after selling 4,165 shares during the period. Dynamic Advisor Solutions LLC’s holdings in SPDR S&P Dividend ETF were worth $1,496,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of SDY. UBS Group AG lifted its stake in shares of SPDR S&P Dividend ETF by 10.5% during the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the period. Orion Porfolio Solutions LLC boosted its position in SPDR S&P Dividend ETF by 70.0% during the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after acquiring an additional 143,853 shares during the last quarter. Joel Isaacson & Co. LLC grew its stake in SPDR S&P Dividend ETF by 4.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after acquiring an additional 121,368 shares during the period. Raymond James Financial Inc. grew its stake in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after acquiring an additional 119,562 shares during the period. Finally, Fifth Third Bancorp raised its holdings in SPDR S&P Dividend ETF by 1,558.7% in the 1st quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after acquiring an additional 108,140 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Stock Performance
Shares of SDY opened at $157.83 on Friday. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The company has a market capitalization of $23.90 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a fifty day moving average of $153.25 and a two-hundred day moving average of $150.68.
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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.
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