First Trust Advisors LP Has $2.26 Million Holdings in SPDR S&P Dividend ETF $SDY

First Trust Advisors LP cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,487 shares of the company’s stock after selling 5,756 shares during the period. First Trust Advisors LP’s holdings in SPDR S&P Dividend ETF were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of SPDR S&P Dividend ETF by 2.0% in the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock valued at $673,631,000 after purchasing an additional 95,878 shares in the last quarter. Raymond James Financial Inc. raised its position 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 purchasing an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in 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 worth $388,038,000 after buying an additional 121,368 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in SPDR S&P Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock worth $288,980,000 after buying an additional 39,572 shares in the last quarter. Finally, UBS Group AG boosted its position in SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after buying an additional 165,053 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $157.83 on Friday. The business’s fifty day moving average price is $153.25 and its two-hundred day moving average price is $150.68. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.