SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Holdings Lessened by Palisade Asset Management LLC

Palisade Asset Management LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,815 shares of the company’s stock after selling 230 shares during the period. Palisade Asset Management LLC’s holdings in SPDR S&P Dividend ETF were worth $1,394,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC boosted its position in SPDR S&P Dividend ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,862 shares of the company’s stock valued at $975,000 after purchasing an additional 138 shares during the period. Cerity Partners LLC lifted its stake in SPDR S&P Dividend ETF by 21.6% in the third quarter. Cerity Partners LLC now owns 70,088 shares of the company’s stock valued at $9,955,000 after buying an additional 12,453 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 11.0% during the third quarter. Great Valley Advisor Group Inc. now owns 10,502 shares of the company’s stock valued at $1,492,000 after acquiring an additional 1,037 shares during the period. Certified Advisory Corp grew its position in shares of SPDR S&P Dividend ETF by 8.1% during the third quarter. Certified Advisory Corp now owns 6,703 shares of the company’s stock worth $952,000 after acquiring an additional 500 shares during the last quarter. Finally, Nwam LLC bought a new position in shares of SPDR S&P Dividend ETF during the third quarter worth about $5,274,000.

SPDR S&P Dividend ETF Stock Up 0.7 %

Shares of NYSEARCA:SDY opened at $142.28 on Friday. The company’s 50-day moving average price is $140.83 and its 200 day moving average price is $135.15. The company has a market cap of $22.51 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a fifty-two week low of $118.33 and a fifty-two week high of $144.06.

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.