J.W. Cole Advisors Inc. Sells 28,220 Shares of SPDR S&P Dividend ETF $SDY

J.W. Cole Advisors Inc. reduced its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 45.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,731 shares of the company’s stock after selling 28,220 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in SPDR S&P Dividend ETF were worth $4,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dara Capital US Inc. bought a new position in SPDR S&P Dividend ETF in the 4th quarter worth approximately $509,000. HighTower Advisors LLC increased its position in SPDR S&P Dividend ETF by 1.2% in the 3rd quarter. HighTower Advisors LLC now owns 487,954 shares of the company’s stock worth $68,338,000 after buying an additional 5,687 shares during the period. M&T Bank Corp increased its position in SPDR S&P Dividend ETF by 8.0% in the 4th quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock worth $13,634,000 after buying an additional 7,228 shares during the period. Coldstream Capital Management Inc. increased its position in SPDR S&P Dividend ETF by 126.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock worth $31,305,000 after buying an additional 124,864 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its position in SPDR S&P Dividend ETF by 71.9% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 9,820 shares of the company’s stock worth $1,365,000 after buying an additional 4,109 shares during the period. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of NYSEARCA SDY opened at $149.93 on Friday. The business’s 50 day moving average is $147.92 and its two-hundred day moving average is $146.54. The company has a market cap of $21.94 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 12 month low of $132.89 and a 12 month high of $156.39.

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.