NWF Advisory Services Inc. Has $25.98 Million Position in SPDR S&P Dividend ETF $SDY

NWF Advisory Services Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 178,029 shares of the company’s stock after selling 4,401 shares during the period. SPDR S&P Dividend ETF comprises approximately 2.9% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 5th biggest position. NWF Advisory Services Inc.’s holdings in SPDR S&P Dividend ETF were worth $25,981,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SDY. Morgan Stanley lifted its position in SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after acquiring an additional 95,878 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of SPDR S&P Dividend ETF by 4.6% during the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after purchasing an additional 121,368 shares during the period. Wells Fargo & Company MN increased its stake in shares of SPDR S&P Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after purchasing an additional 39,572 shares during the period. Finally, UBS Group AG lifted its holdings in SPDR S&P Dividend ETF by 10.5% during the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after purchasing an additional 165,053 shares during the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

SDY opened at $154.57 on Tuesday. The business has a fifty day simple moving average of $150.57 and a 200 day simple moving average of $148.93. The company has a market capitalization of $21.72 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $156.82.

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.