Prime Capital Investment Advisors LLC Trims Stake in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Prime Capital Investment Advisors LLC lowered its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,136 shares of the company’s stock after selling 1,678 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $4,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDY. Capital Performance Advisors LLP purchased a new stake in SPDR S&P Dividend ETF during the third quarter valued at about $31,000. JNBA Financial Advisors purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter valued at about $32,000. Russell Investments Group Ltd. lifted its position in SPDR S&P Dividend ETF by 101.6% in the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the second quarter worth approximately $34,000. Finally, Assetmark Inc. grew its position in SPDR S&P Dividend ETF by 192.0% during the third quarter. Assetmark Inc. now owns 254 shares of the company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter.

SPDR S&P Dividend ETF Trading Down 0.7 %

SDY opened at $140.86 on Wednesday. SPDR S&P Dividend ETF has a 12 month low of $113.70 and a 12 month high of $144.06. The business’s 50-day moving average price is $140.56 and its 200-day moving average price is $134.46. The company has a market cap of $22.28 billion, a P/E ratio of 19.72 and a beta of 0.68.

SPDR S&P Dividend ETF Company 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.