Royal Bank of Canada Has $321.77 Million Holdings in SPDR S&P Dividend ETF $SDY

Royal Bank of Canada raised its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,371,561 shares of the company’s stock after acquiring an additional 20,594 shares during the quarter. Royal Bank of Canada owned about 1.60% of SPDR S&P Dividend ETF worth $321,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summit X LLC increased its position in SPDR S&P Dividend ETF by 4.2% in the 1st quarter. Summit X LLC now owns 1,932 shares of the company’s stock valued at $262,000 after acquiring an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of SPDR S&P Dividend ETF by 0.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 14,308 shares of the company’s stock worth $1,941,000 after buying an additional 78 shares during the period. Long Run Wealth Advisors LLC grew its position in shares of SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Long Run Wealth Advisors LLC now owns 14,452 shares of the company’s stock worth $1,961,000 after buying an additional 88 shares during the period. Institute for Wealth Management LLC. grew its position in shares of SPDR S&P Dividend ETF by 4.0% during the 1st quarter. Institute for Wealth Management LLC. now owns 2,318 shares of the company’s stock worth $315,000 after buying an additional 89 shares during the period. Finally, Vident Advisory LLC grew its position in shares of SPDR S&P Dividend ETF by 2.0% during the 1st quarter. Vident Advisory LLC now owns 4,649 shares of the company’s stock worth $631,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY opened at $141.34 on Monday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The company has a 50 day moving average of $138.82 and a 200-day moving average of $135.28. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86.

SPDR S&P Dividend ETF Company 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.