MAI Capital Management Decreases Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

MAI Capital Management decreased its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 518,560 shares of the company’s stock after selling 735 shares during the period. MAI Capital Management’s holdings in SPDR S&P Dividend ETF were worth $73,656,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after buying an additional 1,165,660 shares in the last quarter. Cetera Investment Advisers lifted its stake in SPDR S&P Dividend ETF by 283.2% in the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after purchasing an additional 509,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P Dividend ETF by 114.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after purchasing an additional 194,290 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of SPDR S&P Dividend ETF by 4,418.2% in the second quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock worth $11,280,000 after buying an additional 86,729 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $10,044,000.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock opened at $139.67 on Monday. The company has a 50-day moving average of $140.68 and a 200 day moving average of $134.82. SPDR S&P Dividend ETF has a 1 year low of $117.25 and a 1 year high of $144.06. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.