Cetera Investment Advisers Sells 57,283 Shares of SPDR S&P Dividend ETF $SDY

Cetera Investment Advisers lessened its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.2% in the first quarter, Holdings Channel reports. The institutional investor owned 742,602 shares of the company’s stock after selling 57,283 shares during the period. Cetera Investment Advisers’ holdings in SPDR S&P Dividend ETF were worth $108,375,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF during the 1st quarter worth approximately $28,000. Ankerstar Wealth LLC bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Dividend ETF during the fourth quarter valued at $34,000. MBM Wealth Consultants LLC acquired a new position in shares of SPDR S&P Dividend ETF during the first quarter worth $34,000. Finally, Syntax Research Inc. acquired a new position in shares of SPDR S&P Dividend ETF during the fourth quarter worth $35,000. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Down 0.3%

Shares of SPDR S&P Dividend ETF stock opened at $153.92 on Friday. SPDR S&P Dividend ETF has a twelve month low of $135.30 and a twelve month high of $157.66. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The company’s fifty day moving average is $151.53 and its 200 day moving average is $149.72.

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.