SPDR S&P Dividend ETF $SDY Stock: Commonwealth Equity Services LLC Cuts Position

Commonwealth Equity Services LLC reduced its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 845,709 shares of the company’s stock after selling 27,950 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR S&P Dividend ETF were worth $123,879,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SDY. Kestra Private Wealth Services LLC boosted its position in SPDR S&P Dividend ETF by 3.9% during the third quarter. Kestra Private Wealth Services LLC now owns 42,113 shares of the company’s stock worth $6,169,000 after purchasing an additional 1,574 shares during the period. Chicago Partners Investment Group LLC raised its holdings in SPDR S&P Dividend ETF by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 26,713 shares of the company’s stock valued at $4,231,000 after acquiring an additional 350 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF in the third quarter worth $157,000. Associated Banc Corp bought a new stake in SPDR S&P Dividend ETF in the third quarter valued at about $15,501,000. Finally, Integrity Alliance LLC. boosted its stake in shares of SPDR S&P Dividend ETF by 11.7% in the 3rd quarter. Integrity Alliance LLC. now owns 11,756 shares of the company’s stock valued at $1,722,000 after purchasing an additional 1,227 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock traded down $1.80 during trading hours on Friday, hitting $160.87. 351,740 shares of the stock were exchanged, compared to its average volume of 236,990. The business’s 50-day moving average is $153.85 and its two-hundred day moving average is $152.02. SPDR S&P Dividend ETF has a 12 month low of $135.85 and a 12 month high of $166.61. The stock has a market capitalization of $22.26 billion, a P/E ratio of 19.85 and a beta of 0.67.

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.