SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 26.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727,780 shares of the company’s stock after selling 255,128 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.46% of SPDR S&P Dividend ETF worth $92,559,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. increased its stake in shares of SPDR S&P Dividend ETF by 76.8% during the first quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 96 shares during the period. Scarborough Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the fourth quarter worth approximately $30,000. Farmers & Merchants Investments Inc. bought a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at $33,000. Finally, Russell Investments Group Ltd. lifted its position in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter.

SPDR S&P Dividend ETF Stock Up 0.5 %

Shares of NYSEARCA SDY opened at $136.37 on Tuesday. The business has a fifty day simple moving average of $130.66 and a 200-day simple moving average of $128.81. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $136.46.

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.