PSI Advisors LLC Decreases Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

PSI Advisors LLC lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 81.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 839 shares of the company’s stock after selling 3,682 shares during the quarter. PSI Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDY. Pathstone Holdings LLC purchased a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $94,819,000. Cetera Investment Advisers boosted its position in SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after purchasing an additional 509,007 shares in the last quarter. Legacy Financial Group LLC grew its holdings in SPDR S&P Dividend ETF by 1,574.9% in the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after purchasing an additional 370,094 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Dividend ETF by 114.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock valued at $46,221,000 after buying an additional 194,290 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in shares of SPDR S&P Dividend ETF in the fourth quarter valued at approximately $15,142,000.

SPDR S&P Dividend ETF Trading Down 0.2 %

NYSEARCA:SDY traded down $0.21 during trading hours on Thursday, reaching $137.11. 177,443 shares of the company were exchanged, compared to its average volume of 316,079. The firm has a market cap of $21.69 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a twelve month low of $109.87 and a twelve month high of $137.68. The stock’s 50-day moving average is $131.16 and its 200-day moving average is $129.01.

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.