Raymond James & Associates Sells 30,772 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James & Associates lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,301,496 shares of the company’s stock after selling 30,772 shares during the period. Raymond James & Associates’ holdings in SPDR S&P Dividend ETF were worth $302,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SDY. Royal Bank of Canada raised its stake in SPDR S&P Dividend ETF by 0.4% in the third quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock worth $304,180,000 after buying an additional 10,757 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 1.5% in the third quarter. Joel Isaacson & Co. LLC now owns 2,370,763 shares of the company’s stock worth $272,661,000 after buying an additional 35,608 shares in the last quarter. UBS Group AG raised its stake in SPDR S&P Dividend ETF by 3.5% in the fourth quarter. UBS Group AG now owns 1,993,538 shares of the company’s stock worth $249,132,000 after buying an additional 67,304 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in SPDR S&P Dividend ETF by 18.6% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,478,260 shares of the company’s stock worth $170,015,000 after buying an additional 231,382 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in SPDR S&P Dividend ETF by 10,945.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock worth $141,774,000 after buying an additional 1,124,197 shares in the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY traded down $0.41 on Friday, hitting $127.49. The stock had a trading volume of 151,305 shares, compared to its average volume of 379,128. The business’s fifty day moving average price is $127.56 and its 200 day moving average price is $122.83. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $131.67. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 19.41 and a beta of 0.73.

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.