SouthState Bank Corp Sells 5,253 Shares of SPDR S&P Dividend ETF $SDY

SouthState Bank Corp decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 92.9% during the third quarter, HoldingsChannel reports. The fund owned 401 shares of the company’s stock after selling 5,253 shares during the quarter. SouthState Bank Corp’s holdings in SPDR S&P Dividend ETF were worth $56,000 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 stock. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Dividend ETF by 125.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock valued at $197,008,000 after purchasing an additional 7,179,596 shares during the period. Benjamin Edwards Inc. grew its holdings in SPDR S&P Dividend ETF by 851.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after buying an additional 167,975 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in SPDR S&P Dividend ETF by 35.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock valued at $77,966,000 after buying an additional 148,984 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of 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 valued at $47,432,000 after buying an additional 143,853 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Up 0.9%

SDY stock opened at $153.40 on Friday. The firm has a 50 day moving average of $143.39 and a 200-day moving average of $140.70. SPDR S&P Dividend ETF has a 12 month low of $119.83 and a 12 month high of $153.81. The firm has a market capitalization of $21.75 billion, a P/E 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.