DAVENPORT & Co LLC Sells 1,245 Shares of SPDR S&P Dividend ETF $SDY

DAVENPORT & Co LLC cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 30,930 shares of the company’s stock after selling 1,245 shares during the period. DAVENPORT & Co LLC’s holdings in SPDR S&P Dividend ETF were worth $4,198,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SDY. Brighton Jones LLC grew its position in SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock worth $2,443,000 after acquiring an additional 14,829 shares during the last quarter. Procyon Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $245,000. Patriot Financial Group Insurance Agency LLC bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $269,000. OLD National Bancorp IN bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $209,000. Finally, Park Avenue Securities LLC grew its position in SPDR S&P Dividend ETF by 23.7% during the 1st quarter. Park Avenue Securities LLC now owns 9,907 shares of the company’s stock worth $1,344,000 after acquiring an additional 1,898 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $140.19 on Wednesday. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The business’s fifty day moving average price is $139.88 and its two-hundred day moving average price is $136.01. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $144.45.

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.