SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in SPDR S&P Dividend ETF (NYSEARCA:SDY) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 456,897 shares of the company’s stock after selling 10,656 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Dividend ETF were worth $64,898,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in SPDR S&P Dividend ETF by 13,497.7% in the 3rd quarter. International Assets Investment Management LLC now owns 1,174,296 shares of the company’s stock valued at $166,797,000 after buying an additional 1,165,660 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of SPDR S&P Dividend ETF by 283.2% during the 1st quarter. Cetera Investment Advisers now owns 688,750 shares of the company’s stock worth $90,392,000 after purchasing an additional 509,007 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Dividend ETF by 114.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 363,430 shares of the company’s stock worth $46,221,000 after purchasing an additional 194,290 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in SPDR S&P Dividend ETF by 4,418.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 88,692 shares of the company’s stock valued at $11,280,000 after buying an additional 86,729 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in SPDR S&P Dividend ETF in the second quarter valued at about $10,044,000.

SPDR S&P Dividend ETF Price Performance

Shares of SDY opened at $139.66 on Thursday. The firm has a 50-day simple moving average of $140.74 and a two-hundred day simple moving average of $135.02. The stock has a market cap of $22.09 billion, a PE ratio of 19.72 and a beta of 0.68. SPDR S&P Dividend ETF has a 1-year low of $117.66 and a 1-year high of $144.06.

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.