Prosperity Consulting Group LLC Trims Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Prosperity Consulting Group LLC lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,509 shares of the company’s stock after selling 7,612 shares during the quarter. SPDR S&P Dividend ETF comprises approximately 2.1% of Prosperity Consulting Group LLC’s holdings, making the stock its 6th largest holding. Prosperity Consulting Group LLC owned 0.08% of SPDR S&P Dividend ETF worth $15,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SDY. Joel Isaacson & Co. LLC grew its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the first quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock valued at $313,308,000 after purchasing an additional 13,755 shares in the last quarter. UBS Group AG grew its stake in shares of SPDR S&P Dividend ETF by 3.5% in the 4th quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after buying an additional 67,304 shares in the last quarter. Pathstone Holdings LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 4th quarter worth $94,819,000. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after buying an additional 509,007 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of SPDR S&P Dividend ETF by 1.4% during the 1st quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after buying an additional 7,095 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 1.0 %

Shares of NYSEARCA:SDY opened at $140.33 on Friday. The company has a 50-day moving average price of $134.78 and a 200 day moving average price of $130.68. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $140.40. The company has a market cap of $22.20 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.