SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Ledyard National Bank

Ledyard National Bank cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,565 shares of the company’s stock after selling 666 shares during the period. Ledyard National Bank’s holdings in SPDR S&P Dividend ETF were worth $1,705,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of SPDR S&P Dividend ETF by 0.3% during the fourth quarter. Bank of America Corp DE now owns 7,716,604 shares of the company’s stock valued at $1,019,363,000 after acquiring an additional 24,596 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter valued at about $397,657,000. LPL Financial LLC grew its stake in shares of SPDR S&P Dividend ETF by 2.1% during the fourth quarter. LPL Financial LLC now owns 2,861,694 shares of the company’s stock valued at $378,030,000 after acquiring an additional 59,001 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of SPDR S&P Dividend ETF by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,103,521 shares of the company’s stock valued at $277,875,000 after acquiring an additional 335,483 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Dividend ETF by 63.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,688,669 shares of the company’s stock valued at $223,073,000 after acquiring an additional 652,619 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock opened at $134.48 on Tuesday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company’s 50-day simple moving average is $133.11 and its 200-day simple moving average is $133.51. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 20.59 and a beta of 0.80.

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.