SPDR S&P Dividend ETF $SDY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,085,812 shares of the company’s stock after selling 126,071 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $152,068,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC boosted its stake in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 625.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Compass Financial Services Inc acquired a new position in shares of SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Global Wealth Strategies & Associates increased its position in SPDR S&P Dividend ETF by 985.0% during the third quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Finally, Private Wealth Asset Management LLC raised its holdings in shares of SPDR S&P Dividend ETF by 1,245.5% during the 2nd quarter. Private Wealth Asset Management LLC now owns 296 shares of the company’s stock valued at $40,000 after buying an additional 274 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock opened at $153.40 on Friday. The firm has a market cap of $21.75 billion, a P/E ratio of 19.85 and a beta of 0.79. The firm has a fifty day moving average of $143.39 and a two-hundred day moving average of $140.70. SPDR S&P Dividend ETF has a 1-year low of $119.83 and a 1-year high of $153.81.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.