Raymond James & Associates Sells 34,503 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James & Associates decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,221,989 shares of the company’s stock after selling 34,503 shares during the quarter. Raymond James & Associates’ holdings in SPDR S&P Dividend ETF were worth $315,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Marshall Financial Group LLC increased its position in SPDR S&P Dividend ETF by 3.7% during the third quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock worth $290,000 after buying an additional 73 shares during the last quarter. WealthBridge Capital Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 1.8% in the 3rd quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock valued at $595,000 after acquiring an additional 75 shares in the last quarter. M3 Advisory Group LLC boosted its position in SPDR S&P Dividend ETF by 2.1% during the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock worth $519,000 after purchasing an additional 76 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of SPDR S&P Dividend ETF by 0.8% in the second quarter. Great Valley Advisor Group Inc. now owns 9,465 shares of the company’s stock valued at $1,204,000 after purchasing an additional 77 shares during the period. Finally, Vantage Financial Partners LLC lifted its stake in shares of SPDR S&P Dividend ETF by 2.3% in the second quarter. Vantage Financial Partners LLC now owns 3,584 shares of the company’s stock worth $456,000 after buying an additional 80 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY traded up $0.51 during midday trading on Friday, reaching $143.68. The stock had a trading volume of 124,236 shares, compared to its average volume of 289,180. The stock has a market capitalization of $22.73 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $144.06. The firm’s fifty day simple moving average is $139.50 and its 200-day simple moving average is $132.97.

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.