SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Bailard Inc.

Bailard Inc. cut its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 58.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,852 shares of the company’s stock after selling 2,578 shares during the period. Bailard Inc.’s holdings in SPDR S&P Dividend ETF were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. raised its position in shares of SPDR S&P Dividend ETF by 85.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock valued at $6,906,000 after buying an additional 25,430 shares during the period. Key Financial Inc raised its position in SPDR S&P Dividend ETF by 4.5% in the fourth quarter. Key Financial Inc now owns 4,209 shares of the company’s stock valued at $526,000 after purchasing an additional 180 shares during the period. KCM Investment Advisors LLC raised its position in SPDR S&P Dividend ETF by 7.9% in the third quarter. KCM Investment Advisors LLC now owns 105,752 shares of the company’s stock valued at $12,163,000 after purchasing an additional 7,769 shares during the period. Interchange Capital Partners LLC lifted its stake in shares of SPDR S&P Dividend ETF by 5.6% in the 4th quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock valued at $703,000 after purchasing an additional 298 shares during the last quarter. Finally, Roble Belko & Company Inc grew its holdings in shares of SPDR S&P Dividend ETF by 2.5% during the 4th quarter. Roble Belko & Company Inc now owns 139,393 shares of the company’s stock worth $17,420,000 after purchasing an additional 3,426 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $128.36 on Tuesday. The firm has a 50-day simple moving average of $127.64 and a two-hundred day simple moving average of $122.94. The stock has a market cap of $20.42 billion, a PE ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a 1-year low of $109.87 and a 1-year high of $131.67.

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.