Garden State Investment Advisory Services LLC Sells 545 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Garden State Investment Advisory Services LLC cut its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.2% during the third quarter, HoldingsChannel reports. The firm owned 5,393 shares of the company’s stock after selling 545 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $766,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the 3rd quarter valued at $31,000. JNBA Financial Advisors bought a new position in SPDR S&P Dividend ETF during the third quarter valued at $32,000. Russell Investments Group Ltd. raised its stake in shares of SPDR S&P Dividend ETF by 101.6% in the first quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the period. Assetmark Inc. lifted its holdings 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 worth $36,000 after acquiring an additional 167 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of SPDR S&P Dividend ETF by 113.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 263 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the period.

SPDR S&P Dividend ETF Trading Up 0.2 %

Shares of NYSEARCA:SDY opened at $144.00 on Monday. SPDR S&P Dividend ETF has a 12 month low of $118.33 and a 12 month high of $144.45. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The firm’s 50-day moving average is $141.12 and its 200 day moving average is $135.66.

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.