Archer Investment Corp Sells 1,340 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Archer Investment Corp reduced its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 29.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,273 shares of the company’s stock after selling 1,340 shares during the quarter. Archer Investment Corp’s holdings in SPDR S&P Dividend ETF were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in shares of 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 purchasing an additional 127 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 15.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,199 shares of the company’s stock worth $551,000 after purchasing an additional 577 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 92.7% in the 1st quarter. HBK Sorce Advisory LLC now owns 3,970 shares of the company’s stock worth $521,000 after purchasing an additional 1,910 shares in the last quarter. TIAA Trust National Association boosted its holdings in shares of SPDR S&P Dividend ETF by 31.4% in the 1st quarter. TIAA Trust National Association now owns 13,263 shares of the company’s stock worth $1,741,000 after purchasing an additional 3,170 shares in the last quarter. Finally, MAS Advisors LLC boosted its holdings in SPDR S&P Dividend ETF by 7.4% during the 1st quarter. MAS Advisors LLC now owns 30,952 shares of the company’s stock valued at $4,062,000 after acquiring an additional 2,126 shares during the period.

SPDR S&P Dividend ETF Stock Performance

SDY stock traded up $0.29 during trading on Friday, hitting $140.19. 18,481 shares of the company traded hands, compared to its average volume of 280,593. The firm has a market capitalization of $22.18 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1 year low of $117.25 and a 1 year high of $144.06. The company has a 50-day moving average of $140.64 and a 200-day moving average of $134.64.

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.