Raymond James & Associates Has $315.61 Million Stock Position in SPDR S&P Dividend ETF (NYSEARCA:SDY)

Raymond James & Associates lessened its stake in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,221,989 shares of the company’s stock after selling 34,503 shares during the period. Raymond James & Associates owned about 1.40% of SPDR S&P Dividend ETF worth $315,611,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SDY. Marshall Financial Group LLC increased its position in shares of SPDR S&P Dividend ETF by 3.7% in the third quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock worth $290,000 after acquiring an additional 73 shares in the last quarter. WealthBridge Capital Management LLC boosted its position in shares of SPDR S&P Dividend ETF by 1.8% in the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after buying an additional 75 shares during the period. M3 Advisory Group LLC grew its holdings in shares of SPDR S&P Dividend ETF by 2.1% during the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock valued at $519,000 after buying an additional 76 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in SPDR S&P Dividend ETF by 0.8% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,465 shares of the company’s stock worth $1,204,000 after acquiring an additional 77 shares in the last quarter. Finally, Vantage Financial Partners LLC grew its stake in SPDR S&P Dividend ETF by 2.3% during the 2nd quarter. Vantage Financial Partners LLC now owns 3,584 shares of the company’s stock valued at $456,000 after acquiring an additional 80 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA SDY traded up $0.51 during mid-day trading on Friday, reaching $143.68. The company had a trading volume of 124,236 shares, compared to its average volume of 289,180. The stock has a fifty day moving average of $139.50 and a two-hundred day moving average of $132.97. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $144.06. The company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

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.