Raymond James & Associates Sells 30,772 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James & Associates lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,301,496 shares of the company’s stock after selling 30,772 shares during the period. Raymond James & Associates owned 1.45% of SPDR S&P Dividend ETF worth $302,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its stake in shares of SPDR S&P Dividend ETF by 85.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 55,260 shares of the company’s stock worth $6,906,000 after buying an additional 25,430 shares during the last quarter. Key Financial Inc boosted its stake in SPDR S&P Dividend ETF by 4.5% during the 4th quarter. Key Financial Inc now owns 4,209 shares of the company’s stock valued at $526,000 after purchasing an additional 180 shares during the last quarter. KCM Investment Advisors LLC boosted its stake in SPDR S&P Dividend ETF by 7.9% during the 3rd quarter. KCM Investment Advisors LLC now owns 105,752 shares of the company’s stock valued at $12,163,000 after purchasing an additional 7,769 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in SPDR S&P Dividend ETF by 5.6% during the 4th quarter. Interchange Capital Partners LLC now owns 5,624 shares of the company’s stock valued at $703,000 after purchasing an additional 298 shares during the last quarter. Finally, Roble Belko & Company Inc boosted its stake in SPDR S&P Dividend ETF by 2.5% during the 4th quarter. Roble Belko & Company Inc now owns 139,393 shares of the company’s stock valued at $17,420,000 after purchasing an additional 3,426 shares during the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY traded down $0.41 during midday trading on Friday, hitting $127.49. 151,305 shares of the stock traded hands, compared to its average volume of 379,128. The firm has a 50-day moving average of $127.56 and a two-hundred day moving average of $122.83. The firm has a market capitalization of $20.28 billion, a P/E ratio of 19.41 and a beta of 0.73. SPDR S&P Dividend ETF has a one year low of $109.87 and a one year high of $131.67.

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.