SPDR S&P Dividend ETF $SDY Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.1% during the third quarter, HoldingsChannel.com reports. The firm owned 485,966 shares of the company’s stock after selling 5,590 shares during the period. Capital Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $71,184,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after acquiring an additional 36,785 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR S&P Dividend ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after acquiring an additional 8,231 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Dividend ETF by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock valued at $87,952,000 after buying an additional 5,348 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.4% in the 2nd quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after purchasing an additional 1,899 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in SPDR S&P Dividend ETF by 2.6% during the 2nd quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock worth $57,529,000 after acquiring an additional 9,529 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $158.40 on Friday. The stock has a 50 day moving average price of $153.28 and a 200-day moving average price of $152.09. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

About SPDR S&P Dividend ETF

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.