SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Nvest Financial LLC

Nvest Financial LLC lessened its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 92.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,543 shares of the company’s stock after selling 19,845 shares during the quarter. Nvest Financial LLC’s holdings in SPDR S&P Dividend ETF were worth $202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Royal Bank of Canada increased its holdings in shares of SPDR S&P Dividend ETF by 0.4% in the 3rd quarter. Royal Bank of Canada now owns 2,644,815 shares of the company’s stock valued at $304,180,000 after acquiring an additional 10,757 shares during the last quarter. Raymond James & Associates boosted its stake in shares of SPDR S&P Dividend ETF by 1.5% during the fourth quarter. Raymond James & Associates now owns 2,332,268 shares of the company’s stock worth $291,463,000 after buying an additional 34,564 shares during the period. UBS Group AG increased its holdings in shares of 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 valued at $249,132,000 after purchasing an additional 67,304 shares during the period. International Assets Investment Management LLC increased its stake in SPDR S&P Dividend ETF by 10,945.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,134,468 shares of the company’s stock valued at $141,774,000 after buying an additional 1,124,197 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in SPDR S&P Dividend ETF by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,115,618 shares of the company’s stock valued at $139,419,000 after purchasing an additional 2,835 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock traded up $0.54 during midday trading on Tuesday, reaching $126.49. The company’s stock had a trading volume of 222,079 shares, compared to its average volume of 332,521. The stock’s 50 day simple moving average is $129.13 and its 200 day simple moving average is $126.93. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $132.49. The firm has a market capitalization of $20.01 billion, a PE ratio of 19.72 and a beta of 0.68.

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.