Salomon & Ludwin LLC Reduces Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Salomon & Ludwin LLC lowered its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 42,858 shares of the company’s stock after selling 4,798 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR S&P Dividend ETF were worth $6,089,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SDY. Joel Isaacson & Co. LLC increased its position in shares of SPDR S&P Dividend ETF by 1.2% during the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock valued at $349,702,000 after buying an additional 30,381 shares during the period. International Assets Investment Management LLC raised its position in shares of 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 worth $166,797,000 after acquiring an additional 1,165,660 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of SPDR S&P Dividend ETF by 283.2% in the 1st 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 during the period. MAI Capital Management boosted its position in shares of 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 in the last quarter. Finally, Creative Planning grew its stake 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 purchasing an additional 4,963 shares during the period.

SPDR S&P Dividend ETF Trading Down 0.9 %

Shares of SDY stock opened at $139.68 on Monday. The company’s fifty day moving average price is $140.19 and its 200-day moving average price is $133.45. The stock has a market cap of $22.10 billion, a PE 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.