SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Position Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,085 shares of the company’s stock after selling 3,807 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Dividend ETF were worth $5,225,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SDY. Pathstone Holdings LLC purchased a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $94,819,000. Cetera Investment Advisers raised its holdings in shares of SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after acquiring an additional 509,007 shares in the last quarter. Legacy Financial Group LLC boosted its position in SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after purchasing an additional 370,094 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in SPDR S&P Dividend ETF by 114.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock valued at $46,221,000 after purchasing an additional 194,290 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth about $15,142,000.

SPDR S&P Dividend ETF Trading Up 0.7 %

NYSEARCA SDY traded up $0.98 during trading on Thursday, hitting $135.02. 99,027 shares of the company traded hands, compared to its average volume of 319,018. The business has a fifty day simple moving average of $130.26 and a 200 day simple moving average of $128.54. SPDR S&P Dividend ETF has a 12 month low of $109.87 and a 12 month high of $136.03. The company has a market capitalization of $21.36 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company 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.