Bank of America Corp DE Cuts Stock Holdings in SPDR S&P Dividend ETF $SDY

Bank of America Corp DE reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,356,574 shares of the company’s stock after selling 48,028 shares during the period. Bank of America Corp DE owned approximately 5.12% of SPDR S&P Dividend ETF worth $1,030,288,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of SPDR S&P Dividend ETF by 125.3% in the second quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after buying an additional 7,179,596 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in SPDR S&P Dividend ETF by 851.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 187,705 shares of the company’s stock valued at $25,477,000 after buying an additional 167,975 shares in the last quarter. UBS Group AG increased its stake in SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after acquiring an additional 165,053 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in SPDR S&P Dividend ETF by 70.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after acquiring an additional 143,853 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after acquiring an additional 119,562 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA SDY opened at $149.14 on Tuesday. The company has a market capitalization of $21.15 billion, a P/E ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $156.39. The stock has a 50 day moving average price of $150.20 and a 200-day moving average price of $143.19.

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.