Prime Capital Investment Advisors LLC Cuts Stock Position in SPDR S&P Dividend ETF $SDY

Prime Capital Investment Advisors LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 12.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,220 shares of the company’s stock after selling 3,577 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SDY. Joel Isaacson & Co. LLC increased its position in shares of SPDR S&P Dividend ETF by 1.7% during the first quarter. Joel Isaacson & Co. LLC now owns 2,558,258 shares of the company’s stock worth $347,104,000 after purchasing an additional 41,613 shares in the last quarter. Royal Bank of Canada increased its position in shares of SPDR S&P Dividend ETF by 0.9% during the first quarter. Royal Bank of Canada now owns 2,371,561 shares of the company’s stock worth $321,773,000 after purchasing an additional 20,594 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of SPDR S&P Dividend ETF by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 1,112,558 shares of the company’s stock worth $150,952,000 after purchasing an additional 8,613 shares in the last quarter. Cetera Investment Advisers increased its position in shares of SPDR S&P Dividend ETF by 0.6% during the first quarter. Cetera Investment Advisers now owns 695,720 shares of the company’s stock worth $94,395,000 after purchasing an additional 3,830 shares in the last quarter. Finally, Elk River Wealth Management LLC increased its position in shares of SPDR S&P Dividend ETF by 0.6% during 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 in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $140.19 on Wednesday. SPDR S&P Dividend ETF has a one year low of $119.83 and a one year high of $144.45. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 19.85 and a beta of 0.86. The stock has a 50 day moving average price of $139.88 and a 200 day moving average price of $136.01.

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.