PNC Financial Services Group Inc. Trims Holdings in SPDR S&P Dividend ETF $SDY

PNC Financial Services Group Inc. decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.7% during the first quarter, Holdings Channel.com reports. The fund owned 460,743 shares of the company’s stock after selling 22,827 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $67,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDY. UBS Group AG boosted its position in shares of SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after purchasing an additional 165,053 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of SPDR S&P Dividend ETF by 70.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after purchasing an additional 143,853 shares during the period. Joel Isaacson & Co. LLC raised its position in shares of SPDR S&P Dividend ETF by 4.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the period. Raymond James Financial Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of SPDR S&P Dividend ETF by 1,558.7% during the 1st quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock valued at $16,794,000 after buying an additional 108,140 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $153.92 on Friday. The company has a market capitalization of $21.60 billion, a P/E ratio of 19.85 and a beta of 0.69. The company has a fifty day moving average of $151.53 and a 200 day moving average of $149.72. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $157.66.

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.