Simplicity Wealth LLC Sells 6,227 Shares of SPDR S&P Dividend ETF $SDY

Simplicity Wealth LLC lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 38.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,064 shares of the company’s stock after selling 6,227 shares during the period. Simplicity Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $1,409,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Raymond James Financial Inc. grew its position in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in SPDR S&P Dividend ETF by 0.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock worth $373,522,000 after purchasing an additional 22,123 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR S&P Dividend ETF by 125.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after purchasing an additional 7,179,596 shares during the period. MAI Capital Management grew its holdings in SPDR S&P Dividend ETF by 2.5% during the 2nd quarter. MAI Capital Management now owns 767,082 shares of the company’s stock valued at $104,116,000 after buying an additional 18,830 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in SPDR S&P Dividend ETF by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 699,649 shares of the company’s stock valued at $94,963,000 after buying an additional 3,929 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $147.03 on Friday. The company’s fifty day moving average price is $141.00 and its 200-day moving average price is $139.87. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $147.71. The company has a market capitalization of $20.88 billion, a PE ratio of 19.85 and a beta of 0.79.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.