Royal Bank of Canada Trims Stake in SPDR S&P Dividend ETF $SDY

Royal Bank of Canada reduced its stake in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 5.7% during the first quarter, Holdings Channel.com reports. The firm owned 2,021,684 shares of the company’s stock after selling 122,214 shares during the quarter. Royal Bank of Canada’s holdings in SPDR S&P Dividend ETF were worth $295,044,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of SDY. Brighton Jones LLC lifted its position in shares of SPDR S&P Dividend ETF by 404.5% during the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after buying an additional 14,829 shares in the last quarter. AQR Capital Management LLC increased its holdings in SPDR S&P Dividend ETF by 49.5% in the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock worth $1,077,000 after acquiring an additional 2,627 shares in the last quarter. First Trust Advisors LP increased its holdings in SPDR S&P Dividend ETF by 30.4% in the 2nd quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock worth $4,362,000 after acquiring an additional 7,493 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPDR S&P Dividend ETF by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after acquiring an additional 2,192 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after purchasing an additional 119,562 shares in the last quarter. 43.42% of the stock is currently owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA SDY opened at $157.75 on Thursday. The stock has a market cap of $22.12 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1 year low of $135.30 and a 1 year high of $160.29. The firm has a fifty day moving average price of $152.31 and a 200-day moving average price of $150.16.

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