Valley National Advisers Inc. Reduces Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Valley National Advisers Inc. cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,603 shares of the company’s stock after selling 120 shares during the period. Valley National Advisers Inc.’s holdings in SPDR S&P Dividend ETF were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of SPDR S&P Dividend ETF by 13,497.7% during the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after buying an additional 1,165,660 shares during the period. Cetera Investment Advisers increased its holdings in SPDR S&P Dividend ETF by 283.2% during the 1st 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 during the period. Wealth Enhancement Advisory Services LLC lifted its stake in SPDR S&P Dividend ETF by 114.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after purchasing an additional 194,290 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in SPDR S&P Dividend ETF by 4,418.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock valued at $11,280,000 after purchasing an additional 86,729 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in SPDR S&P Dividend ETF in the 2nd quarter valued at $10,044,000.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $139.68 on Monday. SPDR S&P Dividend ETF has a fifty-two week low of $109.87 and a fifty-two week high of $144.06. The stock has a market cap of $22.10 billion, a P/E ratio of 19.72 and a beta of 0.68. The firm’s fifty day moving average price is $140.19 and its 200-day moving average price is $133.45.

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.