Spinnaker Investment Group LLC Sells 1,556 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Spinnaker Investment Group LLC cut its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 35.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,773 shares of the company’s stock after selling 1,556 shares during the period. Spinnaker Investment Group LLC’s holdings in SPDR S&P Dividend ETF were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Joel Isaacson & Co. LLC boosted its position in 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 valued at $349,702,000 after buying an additional 30,381 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 13,497.7% in the third quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after acquiring an additional 1,165,660 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of SPDR S&P Dividend ETF by 283.2% in the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after acquiring an additional 509,007 shares in the last quarter. Creative Planning grew its position in SPDR S&P Dividend ETF by 1.1% during the 2nd quarter. Creative Planning now owns 461,739 shares of the company’s stock worth $58,724,000 after acquiring 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% during the 3rd quarter. Elk River Wealth Management LLC now owns 385,024 shares of the company’s stock valued at $54,690,000 after purchasing an additional 8,194 shares in the last quarter.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY opened at $139.67 on Friday. The stock has a fifty day moving average price of $140.68 and a two-hundred day moving average price of $134.77. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 52-week low of $117.25 and a 52-week high of $144.06.

About SPDR S&P Dividend ETF

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.