SPDR S&P Dividend ETF $SDY Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,240 shares of the company’s stock after selling 620 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in SPDR S&P Dividend ETF were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SDY. Joel Isaacson & Co. LLC lifted its position in SPDR S&P Dividend ETF by 3.4% during the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after purchasing an additional 86,679 shares during the period. Royal Bank of Canada raised its stake in shares of SPDR S&P Dividend ETF by 0.9% during the 1st 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 during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.8% during the 1st 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 during the last quarter. Cetera Investment Advisers raised its stake in shares of SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after buying an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its position in SPDR S&P Dividend ETF by 0.6% during 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 in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 1.1%

Shares of SDY stock opened at $137.47 on Friday. The stock has a 50 day moving average of $139.99 and a 200 day moving average of $136.10. The stock has a market cap of $19.86 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month 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.