138,495 SPDR S&P Dividend ETF $SDY Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 92.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,991 shares of the company’s stock after selling 138,495 shares during the period. Mechanics Bank Trust Department’s holdings in SPDR S&P Dividend ETF were worth $1,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its holdings 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 valued at $1,068,195,000 after purchasing an additional 36,785 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Dividend ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock valued at $169,170,000 after acquiring an additional 8,231 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of SPDR S&P Dividend ETF by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock valued at $87,952,000 after acquiring an additional 5,348 shares during the period. HighTower Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 0.4% during the second quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after purchasing an additional 1,899 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in SPDR S&P Dividend ETF by 2.6% during the second quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock worth $57,529,000 after purchasing an additional 9,529 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.3%

SDY traded up $0.51 during trading on Tuesday, reaching $150.89. The stock had a trading volume of 251,872 shares, compared to its average volume of 236,408. The stock has a 50 day moving average of $153.61 and a two-hundred day moving average of $151.56. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29.

SPDR S&P Dividend ETF Company 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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.