Sovran Advisors LLC Sells 180 Shares of SPDR S&P Dividend ETF $SDY

Sovran Advisors LLC trimmed its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,312 shares of the company’s stock after selling 180 shares during the quarter. Sovran Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $1,703,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Summit X LLC raised its stake in shares of SPDR S&P Dividend ETF by 4.2% in the first quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after purchasing an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.5% in the first quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock valued at $1,941,000 after purchasing an additional 78 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 2.1% in the first quarter. Jacobi Capital Management LLC now owns 4,195 shares of the company’s stock valued at $569,000 after purchasing an additional 85 shares in the last quarter. Long Run Wealth Advisors LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.6% in the first quarter. Long Run Wealth Advisors LLC now owns 14,452 shares of the company’s stock valued at $1,961,000 after purchasing an additional 88 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its stake in shares of SPDR S&P Dividend ETF by 4.0% in the first quarter. Institute for Wealth Management LLC. now owns 2,318 shares of the company’s stock valued at $315,000 after purchasing an additional 89 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

SPDR S&P Dividend ETF stock opened at $139.87 on Friday. The stock has a fifty day moving average price of $139.75 and a two-hundred day moving average price of $135.67. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $144.45. The firm has a market capitalization of $20.47 billion, a P/E ratio of 19.85 and a beta of 0.86.

SPDR S&P Dividend ETF 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.