Prosperity Consulting Group LLC Sells 4,176 Shares of SPDR S&P Dividend ETF $SDY

Prosperity Consulting Group LLC lowered its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,821 shares of the company’s stock after selling 4,176 shares during the quarter. SPDR S&P Dividend ETF accounts for 1.0% of Prosperity Consulting Group LLC’s investment portfolio, making the stock its 17th largest holding. Prosperity Consulting Group LLC’s holdings in SPDR S&P Dividend ETF were worth $14,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 3.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock valued at $358,997,000 after purchasing an additional 86,679 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of SPDR S&P Dividend ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after purchasing an additional 20,594 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock valued at $150,952,000 after purchasing an additional 8,613 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock valued at $94,395,000 after purchasing an additional 3,830 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock valued at $56,074,000 after purchasing an additional 2,487 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $136.08 on Tuesday. The firm has a 50-day moving average of $139.62 and a 200-day moving average of $137.26. The company has a market cap of $19.58 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45.

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.