Commonwealth Equity Services LLC Lowers Position in SPDR S&P Dividend ETF $SDY

Commonwealth Equity Services LLC cut its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 966,738 shares of the company’s stock after selling 72,947 shares during the quarter. Commonwealth Equity Services LLC owned about 0.67% of SPDR S&P Dividend ETF worth $135,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. West Paces Advisors Inc. lifted its position in SPDR S&P Dividend ETF by 5.7% during the third quarter. West Paces Advisors Inc. now owns 3,702 shares of the company’s stock valued at $518,000 after buying an additional 200 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 61,576 shares of the company’s stock worth $8,624,000 after acquiring an additional 1,609 shares in the last quarter. Capital Advisors Inc. OK increased its stake in shares of SPDR S&P Dividend ETF by 2.4% in the 3rd quarter. Capital Advisors Inc. OK now owns 9,412 shares of the company’s stock worth $1,318,000 after acquiring an additional 224 shares in the last quarter. Signaturefd LLC lifted its position in SPDR S&P Dividend ETF by 3.1% during the 3rd quarter. Signaturefd LLC now owns 6,225 shares of the company’s stock valued at $872,000 after acquiring an additional 186 shares during the period. Finally, Altus Wealth Group LLC lifted its position in SPDR S&P Dividend ETF by 1.2% during the 3rd quarter. Altus Wealth Group LLC now owns 9,671 shares of the company’s stock valued at $1,354,000 after acquiring an additional 111 shares during the period. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $140.04 on Monday. The stock has a market cap of $20.14 billion, a PE ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a fifty-two week low of $119.83 and a fifty-two week high of $143.49. The firm’s 50-day simple moving average is $139.05 and its two-hundred day simple moving average is $139.08.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.