Commonwealth Equity Services LLC Sells 72,873 Shares of SPDR S&P Dividend ETF $SDY

Commonwealth Equity Services LLC reduced its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,039,685 shares of the company’s stock after selling 72,873 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR S&P Dividend ETF were worth $141,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mesirow Financial Investment Management Inc. increased its holdings in SPDR S&P Dividend ETF by 1.5% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 104,104 shares of the company’s stock worth $14,125,000 after acquiring an additional 1,491 shares during the period. Novem Group increased its stake in SPDR S&P Dividend ETF by 0.3% in the 2nd quarter. Novem Group now owns 29,191 shares of the company’s stock worth $3,962,000 after acquiring an additional 100 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in SPDR S&P Dividend ETF in the 2nd quarter worth about $494,000. Gunma Bank Ltd. increased its stake in SPDR S&P Dividend ETF by 27.3% in the 1st quarter. Gunma Bank Ltd. now owns 65,300 shares of the company’s stock worth $8,860,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. increased its stake in SPDR S&P Dividend ETF by 16.2% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 2,863 shares of the company’s stock worth $389,000 after acquiring an additional 400 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Trading Up 0.3%

SDY stock opened at $136.50 on Thursday. The company’s 50 day moving average is $139.40 and its 200 day moving average is $137.30. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $144.45.

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.