Neumann Capital Management LLC Sells 27,398 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Neumann Capital Management LLC reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 37.6% during the third quarter, HoldingsChannel.com reports. The firm owned 45,408 shares of the company’s stock after selling 27,398 shares during the quarter. SPDR S&P Dividend ETF makes up about 2.1% of Neumann Capital Management LLC’s portfolio, making the stock its 13th largest holding. Neumann Capital Management LLC’s holdings in SPDR S&P Dividend ETF were worth $6,450,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Joel Isaacson & Co. LLC grew its stake in shares of SPDR S&P Dividend ETF by 1.2% in the third quarter. Joel Isaacson & Co. LLC now owns 2,461,997 shares of the company’s stock worth $349,702,000 after acquiring an additional 30,381 shares during the period. International Assets Investment Management LLC boosted its holdings in 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 buying an additional 1,165,660 shares during the period. Cetera Investment Advisers raised its stake in SPDR S&P Dividend ETF by 283.2% during 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. Creative Planning raised its position in shares of SPDR S&P Dividend ETF by 1.1% during the second quarter. Creative Planning now owns 461,739 shares of the company’s stock valued at $58,724,000 after buying an additional 4,963 shares during the last quarter. Finally, Elk River Wealth Management LLC increased its holdings in SPDR S&P Dividend ETF by 2.2% in the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after acquiring an additional 8,194 shares during the last quarter.

SPDR S&P Dividend ETF Price Performance

NYSEARCA:SDY opened at $139.95 on Friday. The company has a market cap of $22.14 billion, a price-to-earnings 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 stock’s 50 day simple moving average is $140.61 and its two-hundred day simple moving average is $134.60.

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.