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

Cetera Investment Advisers reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 7.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,602 shares of the company’s stock after selling 57,283 shares during the period. Cetera Investment Advisers owned about 0.51% of SPDR S&P Dividend ETF worth $108,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SDY. UBS Group AG lifted its stake in SPDR S&P Dividend ETF by 10.5% in the 3rd quarter. UBS Group AG now owns 1,732,685 shares of the company’s stock valued at $242,663,000 after purchasing an additional 165,053 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of SPDR S&P Dividend ETF by 70.0% during the second quarter. Orion Porfolio Solutions LLC now owns 349,460 shares of the company’s stock worth $47,432,000 after buying an additional 143,853 shares during the last quarter. Joel Isaacson & Co. LLC grew its stake in shares of SPDR S&P Dividend ETF by 4.6% during 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 during the last quarter. Raymond James Financial Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 4.0% during 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. Finally, Fifth Third Bancorp increased its holdings in shares of SPDR S&P Dividend ETF by 1,558.7% during the first quarter. Fifth Third Bancorp now owns 115,078 shares of the company’s stock worth $16,794,000 after buying an additional 108,140 shares in the last quarter. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $153.92 on Friday. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $157.66. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. The stock has a fifty day moving average of $151.53 and a 200-day moving average of $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.