Conservest Capital Advisors Inc. Cuts Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Conservest Capital Advisors Inc. lowered its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,673 shares of the company’s stock after selling 346 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $1,095,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SDY. Vigilant Capital Management LLC purchased a new position in SPDR S&P Dividend ETF during the 2nd quarter worth $32,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 2nd quarter valued at about $32,000. Gemmer Asset Management LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in shares of SPDR S&P Dividend ETF by 64.5% in the 3rd quarter. Larson Financial Group LLC now owns 329 shares of the company’s stock valued at $34,000 after purchasing an additional 129 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in shares of SPDR S&P Dividend ETF in the 3rd quarter valued at about $37,000.

Shares of SDY traded up $0.47 during trading hours on Monday, reaching $103.74. The company had a trading volume of 6,283 shares, compared to its average volume of 596,437. The firm has a 50 day simple moving average of $101.45 and a 200-day simple moving average of $100.47. SPDR S&P Dividend ETF has a 12-month low of $84.28 and a 12-month high of $104.25.

The business also recently declared a — dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, September 23rd were issued a $0.6903 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 2.4%.

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.

Further Reading: How to execute a trade ex-dividend strategy?

Institutional Ownership by Quarter for SPDR S&P Dividend ETF (NYSEARCA:SDY)

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