Royal Bank of Canada Sells 122,214 Shares of SPDR S&P Dividend ETF $SDY

Royal Bank of Canada decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,021,684 shares of the company’s stock after selling 122,214 shares during the period. Royal Bank of Canada owned about 1.38% of SPDR S&P Dividend ETF worth $295,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG raised its stake in SPDR S&P Dividend ETF by 10.5% during the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of SPDR S&P Dividend ETF by 70.0% in the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after acquiring an additional 143,853 shares during the period. Joel Isaacson & Co. LLC grew its holdings 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 worth $388,038,000 after acquiring an additional 121,368 shares during the period. 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. Finally, Fifth Third Bancorp increased its position in SPDR S&P Dividend ETF by 1,558.7% during the first quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after acquiring an additional 108,140 shares during the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

SDY stock opened at $157.75 on Thursday. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The business’s 50-day moving average is $152.31 and its two-hundred day moving average is $150.16. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29.

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.