Garden State Investment Advisory Services LLC Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Garden State Investment Advisory Services LLC trimmed its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,393 shares of the company’s stock after selling 545 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR S&P Dividend ETF were worth $766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Joel Isaacson & Co. LLC grew its stake in SPDR S&P Dividend ETF by 1.2% in 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 during the period. International Assets Investment Management LLC grew its position in shares of SPDR S&P Dividend ETF by 13,497.7% in 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 during the period. Destination Wealth Management increased its stake in SPDR S&P Dividend ETF by 0.3% in the third quarter. Destination Wealth Management now owns 700,423 shares of the company’s stock valued at $99,488,000 after purchasing an additional 2,366 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 worth $58,724,000 after buying an additional 4,963 shares during the period. Finally, Elk River Wealth Management LLC lifted its position in SPDR S&P Dividend ETF by 2.2% during the third 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 during the period.

SPDR S&P Dividend ETF Trading Down 0.6 %

SDY traded down $0.86 during midday trading on Friday, hitting $137.94. The company’s stock had a trading volume of 48,447 shares, compared to its average volume of 277,456. SPDR S&P Dividend ETF has a 52-week low of $121.52 and a 52-week high of $144.45. The firm has a 50-day moving average price of $141.02 and a two-hundred day moving average price of $136.19. The firm has a market cap of $21.82 billion, a P/E ratio of 19.72 and a beta of 0.68.

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.