SPDR S&P Dividend ETF $SDY Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 54.7% during the first quarter, Holdings Channel reports. The institutional investor owned 35,171 shares of the company’s stock after selling 42,520 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $5,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE raised its position in SPDR S&P Dividend ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock worth $1,068,195,000 after acquiring an additional 36,785 shares in the last quarter. Morgan Stanley grew its stake in shares of SPDR S&P Dividend ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after purchasing an additional 95,878 shares during the period. Raymond James Financial Inc. grew 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 worth $425,298,000 after buying an additional 119,562 shares during the period. Joel Isaacson & Co. LLC increased its holdings in 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 buying an additional 121,368 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in 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 buying an additional 39,572 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 1.5%

SDY stock opened at $155.44 on Friday. The firm has a 50 day moving average of $152.44 and a 200-day moving average of $150.24. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month 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.