Janney Montgomery Scott LLC Sells 32,571 Shares of SPDR S&P Dividend ETF $SDY

Janney Montgomery Scott LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 572,599 shares of the company’s stock after selling 32,571 shares during the period. Janney Montgomery Scott LLC owned 0.41% of SPDR S&P Dividend ETF worth $83,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xcel Wealth Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $239,000. Kestra Private Wealth Services LLC grew its holdings in shares of SPDR S&P Dividend ETF by 5.9% in the first quarter. Kestra Private Wealth Services LLC now owns 37,232 shares of the company’s stock valued at $5,434,000 after purchasing an additional 2,074 shares in the last quarter. Ritholtz Wealth Management increased its position in SPDR S&P Dividend ETF by 1.3% in the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after purchasing an additional 71 shares during the last quarter. KFA Private Wealth Group LLC increased its position in SPDR S&P Dividend ETF by 25.9% in the first quarter. KFA Private Wealth Group LLC now owns 2,528 shares of the company’s stock worth $369,000 after purchasing an additional 520 shares during the last quarter. Finally, Factor Wealth Management LTD purchased a new stake in SPDR S&P Dividend ETF during the first quarter valued at $367,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.6%

SPDR S&P Dividend ETF stock opened at $153.11 on Friday. SPDR S&P Dividend ETF has a 52-week low of $134.75 and a 52-week high of $156.39. The firm’s fifty day moving average is $149.32 and its 200 day moving average is $147.82. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF 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.