27,950 SPDR S&P Dividend ETF $SDY Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 845,709 shares of the company’s stock after selling 27,950 shares during the quarter. Commonwealth Equity Services LLC owned 0.61% of SPDR S&P Dividend ETF worth $123,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in SPDR S&P Dividend ETF by 57.7% in the second quarter. Integrated Wealth Concepts LLC now owns 35,846 shares of the company’s stock valued at $5,455,000 after buying an additional 13,121 shares during the last quarter. NWF Advisory Services Inc. grew its position in SPDR S&P Dividend ETF by 3.3% in the 2nd quarter. NWF Advisory Services Inc. now owns 183,880 shares of the company’s stock worth $27,983,000 after purchasing an additional 5,851 shares during the last quarter. NewEdge Advisors LLC boosted its position in SPDR S&P Dividend ETF by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 84,145 shares of the company’s stock worth $12,805,000 after acquiring an additional 22,199 shares during the period. Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $814,000. Finally, Parallel Advisors LLC increased its position in shares of SPDR S&P Dividend ETF by 165.3% during the 1st quarter. Parallel Advisors LLC now owns 6,864 shares of the company’s stock valued at $1,002,000 after purchasing an additional 4,277 shares during the period. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY traded down $1.80 during trading hours on Friday, hitting $160.87. 351,740 shares of the company’s stock traded hands, compared to its average volume of 236,990. The company has a market cap of $22.26 billion, a price-to-earnings ratio of 19.85 and a beta of 0.67. SPDR S&P Dividend ETF has a 52 week low of $135.85 and a 52 week high of $166.61. The company’s fifty day simple moving average is $153.85 and its two-hundred day simple moving average is $152.02.

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.