SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,416 shares of the company’s stock after selling 919 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $9,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. increased its position 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 in the last quarter. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. bought a new position in SPDR S&P Dividend ETF during the 1st quarter valued at $33,000. Russell Investments Group Ltd. boosted its stake in 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 acquiring an additional 127 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at $34,000.

SPDR S&P Dividend ETF Price Performance

NYSEARCA SDY opened at $142.04 on Tuesday. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $142.62. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. The company’s fifty day moving average price is $137.15 and its two-hundred day moving average price is $131.80.

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.