SPDR S&P Dividend ETF $SDY Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,930 shares of the company’s stock after selling 1,245 shares during the quarter. DAVENPORT & Co LLC’s holdings in SPDR S&P Dividend ETF were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR S&P Dividend ETF during the second quarter valued at $40,000. Crews Bank & Trust boosted its position in SPDR S&P Dividend ETF by 98.2% during the first quarter. Crews Bank & Trust now owns 327 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth about $45,000. Wealth Preservation Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth about $50,000. Finally, Garde Capital Inc. acquired a new stake in shares of SPDR S&P Dividend ETF in the first quarter worth about $52,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $140.19 on Wednesday. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45. The stock has a market capitalization of $20.27 billion, a PE ratio of 19.85 and a beta of 0.86. The stock has a 50-day simple moving average of $139.88 and a 200 day simple moving average of $136.01.

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.