GM Advisory Group LLC Lowers Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

GM Advisory Group LLC decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 27.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,477 shares of the company’s stock after selling 567 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR S&P Dividend ETF were worth $210,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SDY. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after acquiring an additional 30,381 shares in the last quarter. International Assets Investment Management LLC raised its stake in 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 purchasing an additional 1,165,660 shares in the last quarter. Cetera Investment Advisers lifted its position in 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 valued at $90,392,000 after purchasing an additional 509,007 shares during the last quarter. Creative Planning lifted its position in SPDR S&P Dividend ETF by 1.1% during the second quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after purchasing an additional 4,963 shares during the last quarter. Finally, Elk River Wealth Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after buying an additional 8,194 shares in the last quarter.

SPDR S&P Dividend ETF Trading Up 0.7 %

Shares of NYSEARCA SDY opened at $142.28 on Friday. SPDR S&P Dividend ETF has a 12-month low of $118.33 and a 12-month high of $144.06. The firm’s 50-day moving average price is $140.83 and its 200-day moving average price is $135.15. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.