Whittier Trust Co. Sells 4,279 Shares of SPDR S&P Dividend ETF $SDY

Whittier Trust Co. decreased its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 11.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,531 shares of the company’s stock after selling 4,279 shares during the period. Whittier Trust Co.’s holdings in SPDR S&P Dividend ETF were worth $4,759,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares in the last quarter. AQR Capital Management LLC boosted its stake in SPDR S&P Dividend ETF by 49.5% in the first quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,627 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of SPDR S&P Dividend ETF by 30.4% during the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after purchasing an additional 7,493 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded up $1.82 during midday trading on Tuesday, reaching $156.79. The company’s stock had a trading volume of 47,036 shares, compared to its average volume of 258,499. The business’s fifty day simple moving average is $149.89 and its 200-day simple moving average is $148.35. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $156.82. The company has a market capitalization of $22.04 billion, a P/E ratio of 19.85 and a beta of 0.69.

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