PNC Financial Services Group Inc. Sells 100,634 Shares of SPDR S&P Dividend ETF $SDY

PNC Financial Services Group Inc. reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 17.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 483,570 shares of the company’s stock after selling 100,634 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $67,294,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its stake in SPDR S&P Dividend ETF by 4.0% in the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock worth $388,038,000 after buying an additional 121,368 shares in the last quarter. UBS Group AG raised its stake in SPDR S&P Dividend ETF by 10.5% in the third quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock worth $242,663,000 after buying an additional 165,053 shares in the last quarter. MAI Capital Management raised its stake in SPDR S&P Dividend ETF by 0.7% in the third quarter. MAI Capital Management now owns 772,382 shares of the company’s stock worth $108,172,000 after buying an additional 5,300 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in SPDR S&P Dividend ETF by 1.1% in the third quarter. Pathstone Holdings LLC now owns 768,592 shares of the company’s stock worth $107,641,000 after buying an additional 8,380 shares in the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

SDY stock opened at $148.78 on Friday. SPDR S&P Dividend ETF has a 1 year low of $131.96 and a 1 year high of $156.39. The company has a market cap of $21.77 billion, a P/E ratio of 19.85 and a beta of 0.71. The firm has a 50-day moving average of $147.34 and a 200 day moving average of $145.66.

SPDR S&P Dividend ETF Company 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.