SPDR S&P Dividend ETF $SDY Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 34.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,518 shares of the company’s stock after selling 5,946 shares during the period. SVB Wealth LLC’s holdings in SPDR S&P Dividend ETF were worth $1,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Joel Isaacson & Co. LLC raised its holdings in SPDR S&P Dividend ETF by 3.4% during the second quarter. Joel Isaacson & Co. LLC now owns 2,644,937 shares of the company’s stock worth $358,997,000 after purchasing an additional 86,679 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of SPDR S&P Dividend ETF by 0.9% in the 1st quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock valued at $321,773,000 after purchasing an additional 20,594 shares during the last quarter. JPMorgan Chase & Co. grew its stake in SPDR S&P Dividend ETF by 125.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after buying an additional 7,179,596 shares during the last quarter. MAI Capital Management lifted its stake in SPDR S&P Dividend ETF by 2.5% in the second quarter. MAI Capital Management now owns 767,082 shares of the company’s stock valued at $104,116,000 after buying an additional 18,830 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Cetera Investment Advisers now owns 699,649 shares of the company’s stock valued at $94,963,000 after acquiring an additional 3,929 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Trading Down 1.0%

Shares of SDY opened at $138.70 on Tuesday. The company’s 50 day simple moving average is $138.76 and its 200-day simple moving average is $138.34. The firm has a market cap of $19.95 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 12-month low of $119.83 and a 12-month high of $143.49.

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.