Prosperity Consulting Group LLC Has $14.36 Million Stock Holdings in SPDR S&P Dividend ETF $SDY

Prosperity Consulting Group LLC trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,821 shares of the company’s stock after selling 4,176 shares during the quarter. SPDR S&P Dividend ETF comprises about 1.0% of Prosperity Consulting Group LLC’s holdings, making the stock its 17th biggest position. Prosperity Consulting Group LLC owned 0.07% of SPDR S&P Dividend ETF worth $14,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its holdings in shares of 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 acquiring an additional 86,679 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of SPDR S&P Dividend ETF by 0.9% during the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after acquiring an additional 20,594 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of SPDR S&P Dividend ETF by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after acquiring an additional 8,613 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Dividend ETF by 0.6% during 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 in the last quarter. Finally, Elk River Wealth Management LLC increased its holdings in shares of 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. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.8%

NYSEARCA SDY opened at $136.08 on Tuesday. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45. The business has a 50 day moving average price of $139.62 and a 200-day moving average price of $137.26.

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.