NewEdge Advisors LLC Sells 15,745 Shares of SPDR S&P Dividend ETF $SDY

NewEdge Advisors LLC trimmed its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 20.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 61,946 shares of the company’s stock after selling 15,745 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $9,040,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of SPDR S&P Dividend ETF by 0.5% during the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after acquiring an additional 36,785 shares during the last quarter. Morgan Stanley increased its holdings in shares of SPDR S&P Dividend ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after buying an additional 95,878 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after acquiring an additional 119,562 shares during the last quarter. Joel Isaacson & Co. LLC grew its position in SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after acquiring an additional 121,368 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in SPDR S&P Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after acquiring an additional 39,572 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $157.83 on Monday. The business has a 50-day moving average price of $153.25 and a two-hundred day moving average price of $150.70. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The firm has a market cap of $23.90 billion, a P/E ratio of 19.85 and a beta of 0.69.

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.