Midland Wealth Advisors LLC Reduces Stock Holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Midland Wealth Advisors LLC lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 43.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,004 shares of the company’s stock after selling 1,521 shares during the quarter. Midland Wealth Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SDY. Pathstone Holdings LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $94,819,000. Cetera Investment Advisers boosted its position in shares of 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 buying an additional 509,007 shares during the period. Legacy Financial Group LLC grew its stake in shares of SPDR S&P Dividend ETF by 1,574.9% during the first quarter. Legacy Financial Group LLC now owns 393,594 shares of the company’s stock valued at $51,655,000 after buying an additional 370,094 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SPDR S&P Dividend ETF by 114.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after buying an additional 194,290 shares during the period. Finally, Argent Capital Management LLC bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $15,142,000.

SPDR S&P Dividend ETF Stock Down 0.4 %

SDY opened at $139.31 on Wednesday. The business has a fifty day moving average of $132.82 and a 200 day moving average of $129.97. SPDR S&P Dividend ETF has a 52-week low of $109.87 and a 52-week high of $140.07. The stock has a market cap of $22.04 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.