J.W. Cole Advisors Inc. Sells 28,220 Shares of SPDR S&P Dividend ETF $SDY

J.W. Cole Advisors Inc. lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 45.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,731 shares of the company’s stock after selling 28,220 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SDY. Brighton Jones LLC raised its position in shares of SPDR S&P Dividend ETF by 404.5% in the fourth quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the period. AQR Capital Management LLC raised its position in shares of SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,627 shares during the period. First Trust Advisors LP raised its position in shares of SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after purchasing an additional 7,493 shares during the period. NewEdge Advisors LLC raised its position in shares of SPDR S&P Dividend ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock valued at $8,853,000 after purchasing an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares during the period. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.3%

NYSEARCA SDY opened at $149.93 on Friday. The company’s 50 day moving average is $147.92 and its 200-day moving average is $146.54. The firm has a market cap of $21.94 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $132.89 and a 12-month high of $156.39.

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.