Ferguson Wellman Capital Management Inc. Sells 1,337 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Ferguson Wellman Capital Management Inc. decreased its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 6.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,168 shares of the company’s stock after selling 1,337 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in SPDR S&P Dividend ETF were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC boosted its stake in shares of SPDR S&P Dividend ETF by 0.6% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,387,293 shares of the company’s stock worth $313,308,000 after acquiring an additional 13,755 shares during the last quarter. Cetera Investment Advisers lifted its position in SPDR S&P Dividend ETF by 283.2% during the first quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock valued at $90,392,000 after purchasing an additional 509,007 shares in the last quarter. MAI Capital Management grew its holdings in SPDR S&P Dividend ETF by 1.4% during the first quarter. MAI Capital Management now owns 527,434 shares of the company’s stock valued at $69,220,000 after purchasing an additional 7,095 shares during the period. Creative Planning increased its position in SPDR S&P Dividend ETF by 1.1% in the second quarter. Creative Planning now owns 461,739 shares of the company’s stock worth $58,724,000 after buying an additional 4,963 shares in the last quarter. Finally, Elk River Wealth Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 2.2% in the third quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock worth $54,690,000 after buying an additional 8,194 shares during the period.

SPDR S&P Dividend ETF Price Performance

Shares of SDY stock traded up $0.51 during trading hours on Friday, reaching $143.68. 124,236 shares of the company traded hands, compared to its average volume of 289,180. The firm has a 50-day moving average price of $139.50 and a 200 day moving average price of $132.97. The company has a market cap of $22.73 billion, a P/E ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $144.06.

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.