SPDR S&P Dividend ETF $SDY Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,395,059 shares of the company’s stock after selling 56,409 shares during the period. JPMorgan Chase & Co. owned approximately 0.97% of SPDR S&P Dividend ETF worth $195,378,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SDY. CVA Family Office LLC increased its position in shares of SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Flagship Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 625.0% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Compass Financial Services Inc purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $29,000. Delos Wealth Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $29,000. Finally, Global Wealth Strategies & Associates increased its holdings in SPDR S&P Dividend ETF by 985.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 217 shares of the company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.1%

Shares of NYSEARCA SDY opened at $148.98 on Wednesday. The business’s 50 day moving average is $150.33 and its two-hundred day moving average is $143.24. SPDR S&P Dividend ETF has a 52-week low of $119.83 and a 52-week high of $156.39. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 19.85 and a beta of 0.79.

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. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.