Palisade Asset Management LLC Trims Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Palisade Asset Management LLC cut its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,815 shares of the company’s stock after selling 230 shares during the quarter. Palisade Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SDY. Capital Performance Advisors LLP bought a new stake in shares of SPDR S&P Dividend ETF in the third quarter worth $31,000. JNBA Financial Advisors acquired a new position in SPDR S&P Dividend ETF during the 3rd quarter worth $32,000. Russell Investments Group Ltd. increased its position in shares of SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Assetmark Inc. raised its stake in shares of SPDR S&P Dividend ETF by 192.0% in the 3rd quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of SPDR S&P Dividend ETF by 113.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY opened at $142.28 on Friday. The company has a market capitalization of $22.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a one year low of $118.33 and a one year high of $144.06. The stock has a 50-day simple moving average of $140.83 and a 200 day simple moving average of $135.15.

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.