TD Private Client Wealth LLC Cuts Stock Position in SPDR S&P Dividend ETF $SDY

TD Private Client Wealth LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,300 shares of the company’s stock after selling 4,806 shares during the period. TD Private Client Wealth LLC owned about 0.06% of SPDR S&P Dividend ETF worth $13,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SDY. JPMorgan Chase & Co. raised its position in SPDR S&P Dividend ETF by 125.3% during the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after acquiring an additional 7,179,596 shares during the period. Benjamin Edwards Inc. raised its position in shares of SPDR S&P Dividend ETF by 851.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock worth $25,477,000 after purchasing an additional 167,975 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in SPDR S&P Dividend ETF by 35.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 574,419 shares of the company’s stock valued at $77,966,000 after buying an additional 148,984 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in SPDR S&P Dividend ETF by 70.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock valued at $47,432,000 after buying an additional 143,853 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $143.86 on Tuesday. The stock’s 50 day simple moving average is $139.59 and its 200-day simple moving average is $139.42. The company has a market cap of $20.51 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.03.

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.