SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC cut its holdings in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 26,176 shares of the company’s stock after selling 86 shares during the quarter. SPDR S&P Dividend ETF comprises 1.1% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Cadent Capital Advisors LLC’s holdings in SPDR S&P Dividend ETF were worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its holdings in shares of SPDR S&P Dividend ETF by 76.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 221 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at $33,000. Russell Investments Group Ltd. raised its stake in shares of SPDR S&P Dividend ETF by 101.6% during the 1st quarter. Russell Investments Group Ltd. now owns 252 shares of the company’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPDR S&P Dividend ETF in the 2nd quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at about $38,000.

SPDR S&P Dividend ETF Trading Up 0.4 %

Shares of SDY opened at $143.68 on Friday. SPDR S&P Dividend ETF has a 12-month low of $109.87 and a 12-month high of $144.06. The stock has a market cap of $22.73 billion, a P/E ratio of 19.72 and a beta of 0.68. The company has a 50-day moving average of $139.50 and a two-hundred day moving average of $132.99.

SPDR S&P Dividend ETF Company 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.