Cetera Investment Advisers Trims Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Cetera Investment Advisers lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 682,480 shares of the company’s stock after selling 6,270 shares during the period. Cetera Investment Advisers owned approximately 0.43% of SPDR S&P Dividend ETF worth $86,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its stake in shares of SPDR S&P Dividend ETF by 76.8% in the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock worth $29,000 after acquiring an additional 96 shares during the period. Scarborough Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. acquired a new stake in SPDR S&P Dividend ETF during the 1st quarter worth about $33,000. Russell Investments Group Ltd. raised its stake in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after buying an additional 127 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at about $34,000.

SPDR S&P Dividend ETF Stock Up 0.2 %

Shares of SDY opened at $142.04 on Tuesday. The stock’s 50-day moving average price is $137.15 and its 200-day moving average price is $131.80. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52 week low of $109.87 and a 52 week high of $142.62.

SPDR S&P Dividend ETF Company 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.