138,495 SPDR S&P Dividend ETF $SDY Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 92.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,991 shares of the company’s stock after selling 138,495 shares during the quarter. Mechanics Bank Trust Department’s holdings in SPDR S&P Dividend ETF were worth $1,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SDY. Markowski Investments acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth approximately $28,000. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at $28,000. Continuum Advisory LLC acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter worth $29,000. MBM Wealth Consultants LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth $34,000. Finally, Evergreen Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth $53,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of NYSEARCA:SDY traded up $0.51 on Tuesday, hitting $150.89. 251,872 shares of the company were exchanged, compared to its average volume of 236,408. The company’s 50 day moving average price is $153.61 and its two-hundred day moving average price is $151.56. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a one year low of $135.30 and a one year high of $160.29.

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.