Farther Finance Advisors LLC Sells 254 Shares of SPDR S&P Dividend ETF $SDY

Farther Finance Advisors LLC decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,213 shares of the company’s stock after selling 254 shares during the period. Farther Finance Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $843,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Butensky & Cohen Financial Security Inc. increased its position in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 8,830 shares of the company’s stock valued at $1,199,000 after purchasing an additional 341 shares during the last quarter. LongView Wealth Management bought a new position in shares of SPDR S&P Dividend ETF in the second quarter worth approximately $200,000. Elk River Wealth Management LLC grew its stake in shares of SPDR S&P Dividend ETF by 0.6% in the second quarter. Elk River Wealth Management LLC now owns 413,123 shares of the company’s stock worth $56,074,000 after purchasing an additional 2,487 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth approximately $40,000. Finally, Oldfather Financial Services LLC boosted its holdings in SPDR S&P Dividend ETF by 8.5% in the second quarter. Oldfather Financial Services LLC now owns 1,994 shares of the company’s stock valued at $271,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.6%

NYSEARCA:SDY opened at $138.03 on Friday. The firm’s fifty day simple moving average is $139.78 and its 200 day simple moving average is $135.72. The stock has a market cap of $20.20 billion, a P/E ratio of 19.85 and a beta of 0.86. SPDR S&P Dividend ETF has a twelve month low of $119.83 and a twelve month high of $144.45.

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.