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

Mechanics Bank Trust Department decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 29.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,003 shares of the company’s stock after selling 6,536 shares during the quarter. Mechanics Bank Trust Department’s holdings in SPDR S&P Dividend ETF were worth $2,241,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SDY. Rebalance LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.7% during the 2nd quarter. Rebalance LLC now owns 11,098 shares of the company’s stock valued at $1,506,000 after buying an additional 76 shares in the last quarter. Wealth Advisory Solutions LLC lifted its holdings in SPDR S&P Dividend ETF by 3.1% during the second quarter. Wealth Advisory Solutions LLC now owns 2,584 shares of the company’s stock valued at $351,000 after purchasing an additional 78 shares in the last quarter. KFA Private Wealth Group LLC grew its position in shares of SPDR S&P Dividend ETF by 4.0% in the third quarter. KFA Private Wealth Group LLC now owns 2,016 shares of the company’s stock valued at $282,000 after purchasing an additional 78 shares during the period. Focus Financial Network Inc. increased its stake in shares of SPDR S&P Dividend ETF by 0.5% during the second quarter. Focus Financial Network Inc. now owns 15,561 shares of the company’s stock worth $2,112,000 after purchasing an additional 81 shares in the last quarter. Finally, HTG Investment Advisors Inc. increased its stake in shares of SPDR S&P Dividend ETF by 2.6% during the second quarter. HTG Investment Advisors Inc. now owns 3,265 shares of the company’s stock worth $443,000 after purchasing an additional 82 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.6%

Shares of SPDR S&P Dividend ETF stock opened at $140.04 on Monday. The firm has a market capitalization of $20.01 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $143.49. The firm’s 50-day moving average price is $139.05 and its 200 day moving average price is $139.08.

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.