Janney Montgomery Scott LLC Sells 32,571 Shares of SPDR S&P Dividend ETF $SDY

Janney Montgomery Scott LLC decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.4% in the first quarter, Holdings Channel.com reports. The firm owned 572,599 shares of the company’s stock after selling 32,571 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR S&P Dividend ETF were worth $83,565,000 at the end of the most recent quarter.

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

SPDR S&P Dividend ETF Trading Up 0.6%

SPDR S&P Dividend ETF stock opened at $153.11 on Friday. SPDR S&P Dividend ETF has a 12-month low of $134.75 and a 12-month high of $156.39. The firm has a 50-day moving average price of $149.32 and a 200-day moving average price of $147.82. The firm has a market capitalization of $22.41 billion, a PE ratio of 19.85 and a beta of 0.69.

SPDR S&P Dividend ETF 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.