J.Safra Asset Management Corp Sells 18,528 Shares of SPDR S&P Dividend ETF $SDY

J.Safra Asset Management Corp lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 342,360 shares of the company’s stock after selling 18,528 shares during the quarter. SPDR S&P Dividend ETF accounts for 2.9% of J.Safra Asset Management Corp’s holdings, making the stock its 11th largest position. J.Safra Asset Management Corp’s holdings in SPDR S&P Dividend ETF were worth $47,947,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Insight Inv LLC acquired a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at approximately $27,000. Global Wealth Strategies & Associates lifted its holdings in shares of SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of SPDR S&P Dividend ETF in the second quarter worth $40,000. Private Wealth Asset Management LLC increased its holdings in SPDR S&P Dividend ETF by 1,245.5% in the second quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in SPDR S&P Dividend ETF in the second quarter valued at $43,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $146.51 on Friday. The stock has a market capitalization of $20.80 billion, a PE ratio of 19.85 and a beta of 0.79. The business’s 50 day simple moving average is $140.35 and its 200 day simple moving average is $139.67. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $146.92.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.