PDS Planning Inc Has $2.72 Million Holdings in SPDR S&P Dividend ETF (SDY)

PDS Planning Inc lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,343 shares of the company’s stock after selling 2,205 shares during the period. SPDR S&P Dividend ETF makes up 2.1% of PDS Planning Inc’s portfolio, making the stock its 13th biggest position. PDS Planning Inc’s holdings in SPDR S&P Dividend ETF were worth $2,718,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of SPDR S&P Dividend ETF by 37.3% in the 4th quarter. Bank of America Corp DE now owns 7,845,033 shares of the company’s stock valued at $702,287,000 after purchasing an additional 2,131,995 shares in the last quarter. Raymond James & Associates boosted its stake in shares of SPDR S&P Dividend ETF by 6.0% in the 4th quarter. Raymond James & Associates now owns 4,063,579 shares of the company’s stock valued at $363,772,000 after purchasing an additional 231,015 shares in the last quarter. Morgan Stanley boosted its stake in shares of SPDR S&P Dividend ETF by 2.7% in the 3rd quarter. Morgan Stanley now owns 3,853,595 shares of the company’s stock valued at $377,382,000 after purchasing an additional 101,324 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of SPDR S&P Dividend ETF by 2.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 1,848,276 shares of the company’s stock valued at $170,115,000 after purchasing an additional 41,864 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 27.5% in the 4th quarter. Suntrust Banks Inc. now owns 1,803,562 shares of the company’s stock valued at $161,455,000 after purchasing an additional 389,347 shares in the last quarter.

Shares of NYSEARCA:SDY traded up $0.31 on Friday, hitting $100.99. The stock had a trading volume of 568,824 shares, compared to its average volume of 775,703. SPDR S&P Dividend ETF has a twelve month low of $84.28 and a twelve month high of $101.45.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were paid a $0.5309 dividend. The ex-dividend date was Friday, March 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.10%.

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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.

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Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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