SPDR S&P Dividend ETF $SDY Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,395,059 shares of the company’s stock after selling 56,409 shares during the quarter. JPMorgan Chase & Co. owned about 0.97% of SPDR S&P Dividend ETF worth $195,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. increased its stake 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 valued at $425,298,000 after acquiring an additional 119,562 shares during the period. Joel Isaacson & Co. LLC boosted its stake in SPDR S&P Dividend ETF by 0.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock valued at $373,522,000 after purchasing an additional 22,123 shares in the last quarter. MAI Capital Management boosted its stake 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 purchasing an additional 18,830 shares in the last quarter. Cetera Investment Advisers increased its position in shares of 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 purchasing an additional 3,929 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Dividend ETF by 1.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 584,204 shares of the company’s stock worth $81,818,000 after buying an additional 9,785 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of SPDR S&P Dividend ETF stock opened at $155.02 on Friday. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. The business has a fifty day simple moving average of $146.30 and a 200-day simple moving average of $141.79. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $156.12.

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